Seattle, WA -- (SBWIRE) -- 09/02/2016 -- Electronic pick pocketing is on the rise because of the "ease" of its methods. Companies are creating solutions to this rising epidemic.
After talking to Matt Mullaney (CEO RFID Guard), it was SHOCKING to learn that a $12 scanner bought off ebay can STEAL someone's Identity & Credit Cards!
Credit cards, licenses, IDs, transit cards & passports come pre-loaded W/ Radio Frequency Identification (RFID) chips.
With one of these $12 scanners, a thief can walk up behind someone and scan their RFID information THRU their wallet, purse, backpack, or luggage!
This is called "Electronic Pick Pocketing (EPP)."
With this RFID information, the thief can create counterfeit cards with the person's Name & related information.
Thereby, stealing that person's credit cards, IDs, Passports, etc, to make purchases & steal their identity.
This is alarming, and is a growing issue around the world, and
One company is fighting back.
RFID Guard has created a wallet that claims to, "100% block all RFID theft & completely prevent Electronic Pick Pocketing."
RFID Guard's wallet is now for sale, and
The RFID Blocking wallet can be purchased HERE
Another thing to note, is that according to the world's largest provider of banking and payment technologies, FIS, the annual cost of credit card fraud in the U.S. is estimated to be $10 billion per year and experts believe that figure will rise to $12 billion or higher by 2017.
EPP is one of the largest contributors to this epidemic and is one of the fastest growing methods of credit card fraud.
It has become apparent, that in this day & age
ALL wallets, purses, etc. need to have RFID blocking technology as a standard.
These "Electronic Pick Pocketers" are growing and growing.
It's just too easy for these thieves to steal someone's info thru their wallet or purse.
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