Safety measures in credit card companies

RFID-chip card security concern

Introduction

The implementation of RFID tags as a replacement for bar codes has received resistance due to growing security concerns by experts. People believe that the technology could be used by those in authority to infringe on people’s rights to privacy. This fear emanatesfrom the fact that little information about the chips is available to the public. In addition to that, the economic gain would be achieved by their use as opposed to the use of bar codes negligible since they are more costly. There are also no well laid down process standards. Despite the concerns raised, cases of RFID fraud remain negligible. It is in this light thatthis paper explores the security safeguards to be employed by credit card companies that guarantee their safety and subsequently ensuring the public of the same (Hedgepeth, 2006).

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Inbuilt RF safety and security safeguards

RFID credit cards allow for contactless payment hence a fast, easy, and reliable payment process as opposed to magnetic strip transactions. These accrued benefitshave seen several large chain stores and transport systemsin the US adopting them. On the flip side, the convenience of using such cards brings with it a threat to security and privacy. The cards avail sensitive user information through aradio transponder accessible to the reader. Credit card companies employ sophisticated cryptography as a security feature for RFID-enabled credit cards. However, this feature is reportedly not foolproof since there is no documentation in the public domain on the proprietary commands used by such cards. As a result, this lapse makes them prone to live relay attacks, replay attacks, and personal information disclosure (Heydt-Benjamin, 2007).

Fraud detection feature assists in countering financial risk since theyhelp in detecting the location of a card user compared to the location where the card is in use.To ensure that card information cannot be read by a third party when not in use, credit card companies can install shielding and blocking features that can help in countering skimming and relay attacks. Card companies should also mail the cards when they are enclosed in a faraday cage to protect them from external attacks. Manufacturers can disrupt ambient RFID communication as a means for protecting cards that are not in use (Heydt-Benjamin, 2007).

Fraud can also be prevented by programming the cards in such a manner that they are capable of detecting a card holder’s intention of use. This security feature can be achieved by installing a push-button or by use of sophisticated sensors such as light sensors, motion sensors, and heat sensors. By incorporating credit card functionalityinto sophisticated gadgets such as NFC-ready mobile phones,the card can benefit from their security protection.By making decryption sophisticated such that only authorized readers are capable of accessing personal information, then the problems of privacy invasion attacks can be countered. Bettering the on-chip cryptographic features such as challenge-response protocols helps in sophisticated decryption hence making replay attacks difficult(Heydt-Benjamin, 2007).

Role of credit card companies in keeping the use of RFID chip credit card from being seen as a threat

Credit card companies must push for state legislatures that consider passing into law bills on RFIDs that provides for their protection. Legislations that require mutual authentication and encryption for data to be released would help in minimizing remote access by unauthorizedparties. In doing so, producers and vendors will comply with the law by installing features that ensure that they abide by thelaid down rules. The manufacturing companies can also improve the perception that the public has on the RFID cards by investing in Public Relations exercises. They ought to demystify the misunderstandings on these kinds of cards. They also have a moral duty to uphold customer confidentiality by declining to allow the compromise of data that is in their procession (Heydt-Benjamin, 2007).

How criminals exploit the fear of credit cards with RFID chips

The suspicion with which individuals view RFID credit cards has led to innovative ways of preventing crimes related to RFID cards. The fear has seen the rise of anti RFID shielding products, which includes products such as RFID-blocking wallets and sleeves. There is a need for such security features since fraudulent people can use concealed RFID readers to acquire personal information details from the unsuspecting crowd, which they can use fraudulently. That is despite the constant assurance of how secure the technology is. The downside to such inventions is that they provide a leeway through which fraudsters can attach malware, which they can use to hack into individual card accounts. The failure by authorities to regulate such devices’ production makes them susceptible to illegalities(Heydt-Benjamin, 2007).

Conclusion

RFID-enabled cards and identity documents are expected to yield benefits for consumers because of the huge benefits accrued from their use in comparison to bar codes and magnetic strips. However, overcoming challenges that prevent them from being implemented successfully is critical. Manufacturers and vendors have to ensure that they are safe for use.

Reference

Hedgepeth, W. O. (2006). RFID metrics: Decision making tools for today’s supply chains. CRC Press.

Heydt-Benjamin, T. S., Bailey, D. V., Fu, K., Juels, A., &O’hare, T. (2007, February). Vulnerabilities in first-generation RFID-enabled credit cards. In International Conference on Financial Cryptography and Data Security (pp. 2-14). Springer, Berlin, Heidelberg.

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