Security risk found in new credit cards - Technology - International Herald Tribune - 1 views
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Daniell S on 05 Dec 10In this article it talks about the idea of putting RFID, or Radio Frequency Identification technology into a credit card. This can be both a good thing and a bad thing. It would be a good thing because it would totally change the way a business could work. It would decrease the amount of time a person spends in a store. A person could simply walk in and out of the supermarket with the items they wanted and the amount of money would be charged directly to the persons credit card. However, this could result in an increase in credit card abuse. with RFID technology the signal could be picked up by any radio frequency. This can result in identity theft, and credit card fraud. This is a a violation of the social and ethical issue Security. The stakeholders in this situation would be the credit card users, and the companies issuing the credit card. The users would become angered that their credit cards could be maxed out without them using it more than once and the companies could be sued for each credit card they issued.