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For more current articles on RFID Security & Privacy see requested a new debit card from my bank without RFID.
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Lukas Grunwald will give a practical demonstration on hacking new RFID Technologies used for dual-interfaces cards, such as within credit cards and passports.
source: above article is from 2006 but most people who work in the information technology field know that anything is hackable, it's just a matter of time.
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I just got a new debit card in the mail and it has an RFID chip built into it.
Alone, a thief might be able to make a purchase, but you will have a very strong case against the credit card company for letting them without a signature, 3 digit card code or billing address.
Having your Debit Card or Credit Card information stolen can cause a lot of aggravation with the time and energy to get sorted out.
Currently, efforts are under way to educate the average consumer as to the vagaries of Radio Frequency Identification which can pose a threat, as well as attempting to initiate legislation to limit the use of RFID technology by companies and governmental agencies. Overview'Contactless identity theft' is a relatively new technique of gathering an individual's personal information from RF-enabled cards carried on a person in their access control, credit, debit, or government issued identification cards. Each of these cards carry a Radio Frequency IDentification chip which responds to certain radio frequencies.
When these "tags" come into contact with radio waves, they respond with a slightly altered signal.
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