Tag-Archive for ◊ banks ◊

Author: Rebecca
• Monday, May 19th, 2008

[bump] This is a popular post, and I believe an important one. I bumped it to the top for today. You can see more new posts, below. :)

I saw this video and it blew me away. My husband got one of these cards recently– an American Express credit card with an RFID chip. All for your security, of course.

But the sneaky little deception is that it’s not for your security at all! Watch this little video of a “Hacker/Futurist” who swipes the credit card information with an $8 device he bought off eBay.

The thing that REALLY blew me away most was that the Hacker said that credit card companies are not at all interested in security for the consumer. They are interested in the appearance of security for the consumer. I WOULD LIKE TO KNOW WHY THIS IS!

I don’t for one second believe that any bank or company are unable to make electronic transactions secure. The big question is WHY won’t they?

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