Thieves can steal your credit card information without ever touching you.
They use a device that can scan your credit card up to 25 feet away. Anyone can buy the scanner online for under $100. And now they're even a smartphone app that could be used to steal your credit card information. All it takes is about 30 seconds to download information from the card.
So what can you do to protect yourself from this? Well there is a new device called Signal Vault and basically it forms an electronic safety shield around all of the credit and debit cards in your wallet. You can buy it online for under $15 or if you prefer the cheaper method, just wrap your credit card in aluminum foil ^_^.
They use a device that can scan your credit card up to 25 feet away. Anyone can buy the scanner online for under $100. And now they're even a smartphone app that could be used to steal your credit card information. All it takes is about 30 seconds to download information from the card.
So what can you do to protect yourself from this? Well there is a new device called Signal Vault and basically it forms an electronic safety shield around all of the credit and debit cards in your wallet. You can buy it online for under $15 or if you prefer the cheaper method, just wrap your credit card in aluminum foil ^_^.
Source:
http://www.click2houston.com/news/thieves-easily-stealing-credit-card-info-by-electronic-pickpocketing/25026758
http://www.cbc.ca/news/canada/newfoundland-labrador/credit-card-data-can-be-stolen-with-a-wave-and-an-app-1.1386262
https://www.youtube.com/watch?v=J1NgCDYNhgA
https://www.youtube.com/watch?v=7fVuX7Pl4-Q
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ReplyDeleteAfter the recent credit card stealing incidences in places like Target and many other local retail stores, people are starting to feel insecure when t comes to using their credit cards for every day expenses. The whole point of having a credit card or verses carrying cash in the wallet is for convenience, but if in doing so we are putting our bank account in possible harm, then we need to think of ways to secure our payment methods. I think the device that you mentioned is very interesting, but I would much rather prefer to come up with an easier way to protect myself from credit card thievery. by Qi Shi
ReplyDeleteThey can't scan traditional credit cards from 25 feet away, the only cards that have that risk are the ones you tap on the scanner, not ones with magnetic strips, the strips are read by contact, they don't transmit data like the new "tap and pay" systems.
ReplyDeleteThe best way to protect your information is by only using reputable online vendors, and using a real credit card, not your debit card. Use something that isn't tied to your bank account. Credit card companies are easier to deal with and you are more likely to stop fraudulent charges and be reimbursed than with a bank.
I agree with Chase that you should always use a credit card if you are able to. Since it isn't "your" money until the payments are due, it is easier to try and deny charges not made by you then if you were using a debit card.
ReplyDeleteI have also been a victim of someone stealing my credit card info and purchasing something online from a website I never heard of before. It was someone in a different state. I was fortunate to recognize the charge early and I was able to get my money back the same day. The device sounds like a decent idea.
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