Consumer-Grade RFID Analysis
In “Why Some People Put These Credit Cards In the Microwave,” the Wall St. Journal incidentally captures everything you need to know:
Makers of products using RFID say privacy and security safeguards are being built into the chips to prevent abuses. MasterCard International says multiple layers of security are available to prevent MasterCard data from being stolen by electronic eavesdropping. It is up to the companies that issue the card to decide which security measures to adopt, says Art Kranzley, MasterCard’s executive vice president in charge of new payment technologies.
The card Ms. Lum carries came without any information about security safeguards, she says, so she decided to take no chances. “It’s maybe a little bit of a paranoia thing, but hey, it’s my credit rating,” she says.
There you have it. It’s Ms. Lum’s credit rating, and Mr. Kranzley’s decision to not mandate any security measures, but leave that up to the issuing banks. Any questions about what’s going to happen?
Thanks to Rob Sama for the article pointer, and the U Missouri web site for the Mastercard ad.