RFID Wallets - When New Ways of Hacking Become A Threat
There was a time when wallets used to be simple. All they used to be used for was to carry money. Then came the need for coin pockets within the wallet. Post that came the era of plastic money and that brought about the demand for wallets with more card slots. Any idea what came next? It’s most likely that you guessed it right. What came next was virtual money in e-wallets. Post the e-wallet era came the need for quicker modes of payments. They brought the dawn of the age tap-cards. With these kinds of cards you no longer are required to swipe the card and input the PIN number of that specific card. All you had to do to pay for that transaction was flash your card or tap your RFID-enabled card over the RFID reader. By default, most banks make sure that the transaction limit for such transactions is low.
The Need for RFID Wallets
With this new method of payments came a new threat. Pickpockets became a thing of the past and newer more advanced data thieves came along. They began to threaten this new structure of payment convenience with their advanced thieving methods. You must be wondering what this new method is. To be honest, it’s fairly simple. They would take an NFC enabled device such as a mobile phone and have a certain type of software or app installed. Once this is done, all they need to do is go to a crowded place and hold the phone or hand-held device close to your wallet to collect a payment. You would never have a hint and they would do everything to not make it obvious that they were up to something. Yes, you could go to the bank and dispute it, the result of which may or may not be positive. You may say that it is only a small amount, but you must remember that any money is hard earned money.
Are You at Risk?
All you need to do to understand if you are at risk is take a look at your debit and credit cards. Do any of them have a symbol that looks like the Wi-Fi symbol on your laptop or mobile phone? If you do spot that symbol, it means your card is tap-pay enabled. Don’t rely on the fact that you never asked for such a card. These days, most banks issue their customers this type of card as this is the newest form of convenience. Besides, why should you not enjoy this kind of convenience? Because of fear of data thieves roaming around with devices?
How Do You Safeguard Yourself?
The best way to safeguard yourself is to start using a RFID blocking wallets. These wallets are similar to normal wallets except for one design factor. RFID protection wallets have a layer of a material that blocks RFID signals. This means if you are standing in a queue to buy movie tickets, no one can use an RFID reader to steal your money. RFID wallets are not bulky. They look very normal and many wallet brands are offering eye-catching designs.
Where to Buy RFID wallets?
You can buy RFID wallets online from Flipkart and have it delivered to your doorstep.