New technology is making it easier than ever to pay for goods and services in a hurry. You can pay for your lunch with a tap of your credit card or buy a new pair of shoes with a wave of your smartphone. But you may be paying a price for that convenience: an investigation by CBC has found just how easy it is for scammers to get your credit card information, thanks to that technology. And all they need is a smartphone and close proximity to your wallet.
The CBC investigation found that the Near-Field Communication (NFC) antenna included in some phones, like the Samsung Galaxy SIII that they used for their test, was enough to pick up the numbers of credit cards enabled with EMV chip technology. If you’re using the Visa payWave system or the Mastercard PayPass system, then you’ve got an EMV chip in your credit card.
CBC’s investigators downloaded a free app available in the Google Play store for theRead More »from Smartphones can lead to credit card skimming scam, investigation finds