Cable Forum - View Single Post - Fraud fears grow over contactless bank card technology

Tezcatlipoca · 29-03-2012, 22:15

It is rather dodgy that someone with an NFC-enabled phone could essentially pickpocket you without ever actually touching your wallet.

Sure, once you report a card as lost or stolen or fraudulently used, it gets blocked... but if the card is still in your wallet, how long would it take for you to realise someone has read the info and gone off to spend your money?

29-03-2012, 22:15	#3
Tezcatlipoca Inactive Join Date: Jun 2003 Location: Cambridge Posts: 16,760	Re: Fraud fears grow over contactless bank card technology It is rather dodgy that someone with an NFC-enabled phone could essentially pickpocket you without ever actually touching your wallet. Sure, once you report a card as lost or stolen or fraudulently used, it gets blocked... but if the card is still in your wallet, how long would it take for you to realise someone has read the info and gone off to spend your money?