His company recently put electronic pickpocketing in the spotlight when it was featured on an episode of " Shark Tank." In the spirit of continuing with our superhero analogies, consumers can view Chris Gilpin, founder of Signal Vault, as the payment security equivalent of Batman. Perhaps in the digital age, we should tweak that saying to this: With great technological convenience comes great security risk. Spider-Man’s mantra has always been: With great power comes great responsibility. There are currently 250 million chipped cards in use in the U.S.īut now, high-tech thieves are using much more powerful versions of those scanners, devices they can buy online for under $100 and are using them to steal your credit card information right through the air. It works like this: If you have a "chipped" credit card - a card with a radio-frequency identification computer chip inside - that chip can be scanned at stores and restaurants, like McDonald's for example. What’s that saying about taking the good with the bad again?Ĭlick2Houston did a story last year on this e-crime. Things like mail and commerce have gone through electronic transformations, becoming email and ecommerce, and now pickpocketing has its own electronic version as well. While we can't deny how technology helps us connect, integrate and communicate more closely, some people are subverting this technology for nefarious purposes.
Not all of the futuristic technology that sci-fi dreams up is light and friendly like Marty McFly’s hover board in Back to the Future.
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