RFID: Online Insecurity
With recent reports of data skimming from RFID-enabled financial
transaction cards, two things are clear: first, aluminum foil sales are going
to skyrocket and second, some online vendors have a lot of work to do.
Without question, stolen financial transaction card data --
whether obtained by high-tech means or old-fashioned pencil and paper -- is a
nightmare for the victim. Credit card companies have tried to combat this with
security codes, additional verification codes and back-end checks to ensure
that goods ordered online or over the phone are being ordered by the card
But a recent test showed that some vendors are not as
scrupulous about ensuring legitimate transactions. And that's where the real
work needs to be done.
Publication date: June 2011