AML and Financial Crime Prevention

There is an emerging threat of unknowingly scanning and stealing card information without physical contact. This is known as an RFID cyberthreat, which targets those with RFID-card-equipped holders. Here, ‘RFID’ refers to Radio Frequency Identification, an impressive technology that has revolutionized the way we track and identify objects.

To prevent this threat and reduce its occurrences worldwide, RFID wallets have emerged as more than just a fashion statement.

These wallets are compact, portable, and, most importantly, secure—crafted to shield your RFID-enabled cards from unauthorized scans and financial theft.

In this guide, we will learn about how RFID wallet technology works and how it helps prevent identity theft.