[HIB]Are Contactless Payment Methods Secure?

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“Contactless,” in this context, refers to the use of a wireless device. A payment is contactless when, instead of inserting your credit or debit card, you hold your card or keychain device within a few inches of the terminal, and your payment information is sent and processed wirelessly. Contactless payments offer a faster and more convenient alternative to cash for small purchases at fast food restaurants, convenience stores, and transport terminals. They are also ideal for remote or unattended payment situations, such as vending machines, road tolls, or parking meters. So far, I haven’t seen a report of bad guys exploiting contactless payment systems. Hackers, whether they’re black hat (bad guys) or white hat (security professionals), are always looking for vulnerabilities in technology. The bad guys’ intentions are to exploit these vulnerabilities for ill-gotten gain, and the security professionals’ are to make the technology more secure.

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