RFID - short for 'radio-frequency identification' is a process that uses electromagnetic fields to automatically identify and track tags attached to objects. Passports, products and even animal tags are often fitted with RFID chips, allowing them to be tracked and located more easily; but while it may be more useful for cutting airport queues or making contactless payments, RFID does carry the risk of electronic theft. In the case of the credit cards in your wallet, these ‘tags’ contain electronically stored information that RFID readers can scan with interrogating radio waves.
Although rare, this is a way for hackers to steal your information.
Anyone with an RFID reader and malicious intent can activate the chips in your wallet and ‘skim’ the information they’re designed to transmit including your credit card details.
How does it work?
Unlike your dads traditional, old bulky leather wallet, RFID-blocking wallets are designed to protect your credit cards from malicious RFID readers. Either by the materials used in the design of the wallet, or RFID blocking inserts, they protect your belongings by greatly reducing the range that RFID readers can skim your information.
How important is it?
As we move more and more towards a cashless society, and with the rise in the number of contactless payments being made year on year (over $1 Billion Visa contactless payments made in 2019), it is more important than ever to protect your cards. Moral of the story?
A common myth often mentioned by card issuers is that criminals can only steal the maximum amount that is allowed for contactless purchases. This sum is usually between $30-$50 and is different for each country. However, a test carried out in Britian demonstrated that they wirelessly skimmed credit card information to make an online purchase of over $3,000.
Moral of the story? You’re better safe than sorry.
There are a couple ways to prevent RFID theft. You could wrap your cards in aluminum foil every time you leave the house, however we suggest otherwise. You can also purchase RFID blocking sleeves and inserts to put into your wallet. The best solution is to purchase an RFID-blocking wallet. They are designed specifically to provide you with the protection needed for your peace of mind.
Check out our minimalist collection, offering both style and function.
It's time to #ditchthedadwallet and step out in style.