WARNING: Radiowave could steal your card details | HT Tech

WARNING: Radiowave could steal your card details

Millions of credit and debit card users could be "robbed by radiowave" because of a new contactless technology

By:IANS
| Updated on: May 01 2012, 14:54 IST

Millions of credit and debit card users could be 'robbed by radiowave' because of a new contactless technology, the Daily Mail reported.

Almost 20 million shoppers are now able to buy goods by simply waving their card in front of a reader at the tills, even if it is still in a wallet or a purse.

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But industry experts have warned that the information emitted by the cards can be stolen by fraudsters using handheld receptors that cost as little as seven pounds on the internet.

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It means cardholders - most of whom are given a contactless card automatically when their old one expires - can unknowingly surrender their personal bank details to a thief by simply walking past them in the street.

The technology in the card, known as radio frequency identification ( RFID), transmits bank details via its own radio signal, and is accepted in many High Street chains, including Co-op, Boots and Pret-a-Manger, according to the newspaper Sunday.

It does away with the need for a customer inputting their PIN when buying goods, and was designed to reduce queues at the checkout.

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First Published Date: 01 May, 14:51 IST
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