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RFID technology allows you to simply tap or wave your credit card near a card reader or ATM. Using this technology to make purchases gives you the ability to complete transactions within seconds.
Several specific industries have also set guidelines, including the Financial Services Technology Consortium (FSTC) for tracking IT Assets with RFID, the Computer Technology Industry Association CompTIA for certifying RFID engineers, and the International Air Transport Association (IATA) for luggage in airports.
In contrast to other types of skimming such as ATM skimming or hacking an online merchant web page, RFID skimming requires little or no technical expertise. In order to execute ATM skimming, the criminal needs to custom build a device, then place that device inside an ATM and later pick up the device after the victims have used it.
The technology acts as a base in automated data collection, identification, and analysis systems worldwide. RFID has found its importance in a wide range of markets, including livestock identification and Automated Vehicle Identification (AVI) systems because of its capability to track moving objects. These automated wireless AIDC systems are ...
Wireless identity theft, also known as contactless identity theft or RFID identity theft, is a form of identity theft described as "the act of compromising an individual’s personal identifying information using wireless (radio frequency) mechanics."
The IIoT is enabled by technologies such as cybersecurity, cloud computing, edge computing, mobile technologies, machine-to-machine, 3D printing, advanced robotics, big data, Internet of things, RFID technology, and cognitive computing. [3] [4] Five of the most important ones are described below:
Many vehicles have factory-installed anti-theft units, which provide protection through the ignition system. Under the hood there is a computer that controls the operation of the engine. It is programmed to verify that the RFID tag attached to the key is correct before the engine control module will allow ignition to occur.
A related contactless technology is RFID (radio frequency identification). In certain cases, it can be used for applications similar to those of contactless smart cards, such as for electronic toll collection. RFID devices usually do not include writeable memory or microcontroller processing capability as contactless smart cards often do.
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