John appeared on Fox & Friends this morning to set the facts straight about the real and perceived risks posed by Electronic PickPocketing.
It is true that Identity Thieves are able to steal your credit card information without even touching your wallet. The technology exists, is readily available and can be assembled for under $1,000. But that doesn’t necessarily make it an efficient means of stealing credit card numbers.
RFID, or radio-frequency identity technology was introduced to make paying for items faster and easier. All major credit cards that have this technology have a symbol (pictured below). It means that your card can communicate via electromagnetic waves to exchange data (your credit card number) between a terminal and a chip installed inside of your card (or passport). Thus, by getting within a few inches of your credit card, a thief is able to obtain your credit card number, expiration date and maybe your name.
Posted in Cyber Data Security, Identity Theft Prevention, Sileo In the News by Identity Theft Speaker John Sileo.
Tags: "Identity Theft, Card Scanner, Credit Card, Electronic, Electronic Pickpocket, Electronic Pickpocketing, Fraud, identity theft expert, Identity Theft Video, John Sileo, Pick, Pickpocket, Pocket, RFID, Scams, Sileo, Theft
Join Gretchen Carlson, Steve Doocy and Brian Kilmeade as they interview John Sileo about electronic pickpocketing and the viral video that started the hype. Tune in Thursday, December 16th (time TBD) on Fox News (National, not local).
Sileo will discuss the true risks of electronic pickpocketing. Is RFID technology a huge threat to credit card holders? Is it something we should be worried about, or just a scare tactic to boost sales of card-protection products? Tune in to hear more!
John Sileo is the award-winning author of two identity theft prevention books, Stolen Lives and Privacy Means Profit (Wiley, August 2010) and America’s top Identity Theft Speaker. His clients include the Department of Defense, FTC, FDIC and Pfizer; his recent media appearances include 60 Minutes. Contact him on 800.258.8076.
Posted in Identity Theft Prevention by Identity Theft Speaker John Sileo.
Tags: "Identity Theft, Credit Card Theft, Electronic, Electronic Pick Pocket, Electronic Pickpocket, Electronic Pickpocketing, Fox & Friends, Fox News, identity theft expert, John Sileo, Pick, Pocket
