Tuesday, March 6, 2012

Risks to Virtual Wallets Can Be Very Real


Just how safe is near field communication (NFC) technology? NFC tech lets phones establish radio communication with each other, or with similar devices such as point-of sale terminals, when they touch or are brought within a few inches of each other. The process is secure but the fact remains data is being broadcast and could be intercepted.



 Waving your phone at the checkout counter will make it easier than ever to pay for your purchases, but will it be safe? That's one of the big questions about the latest "must-have" technology for top-end smartphones, near field communication, or NFC, which allows phones to establish radio communication with each other, or with similar devices such as point-of sale terminals, when they touch or are brought within a few inches of each other.As with all broadcast technologies -- even such short-range range ones -- there are big questions about how secure the technology is..  read more

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