Technology is growing fast and though we enjoy the conveniences these advancements bring, we rarely understand some of the consequences associated with them. Take for example the fact that some of the credit cards, bank cards, and ID cards that you carry everyday have, embedded into them, a small computer chip with a radio antenna which is constantly transmitting your account and personal information out to the world. This tra nsmission is happening whether the card is in use or just sitting in your wallet. You may not have known about this but there are identity thieves that know this all too well.
The information can be skimmed without you ever taking the card from your pocket. With some basic electronic skimming equipment, about $100 online, and a laptop, these criminals can swipe and store this transmitted information and use the stolen information to create counterfeit cards, charging large sums of money to your name. Many banks have built in security codes, which changes with every transaction, so even if a crook were to steal your information they would only be able to charge one transaction before the card would be useless. But for many people one transaction can wipeout their entire savings. In this case, the built-in protection by the banks may be too little too late. Identity theft is also on the rise. Many states and businesses have been issuing new age updated driver's licenses and identification cards which can be swiped as well. This can be a frustrating, extensive, time consuming and possibly a financially damaging type of theft. Personal information can be used to open new credit cards, apply for loans, or steal your identity or for many other nefarious reasons. Keeping your personal information safe is very important.
There are some things you can do to help secure your cards. Wallets are now being made with RFID, or radio frequency identification chip, blocking. These types of wallets are made with a built-in cage or shield. These cages are woven into the walls of the wallets and help trap the radio transmissions inside the wallet. This tech makes it incredibly difficult for anyone to swipe your information from you. Not all wallets are built with the same techniques or standards but they are definitely an added element of protection.