The easy pay ability we enjoy today is made possible by RF (radio-frequency) enabled chips, which contain encoded personal information, such as your name, address, Social Security number, phone number, bank account details and more. If your wallet doesn’t contain RFID blocking, you are vulnerable to skimming – a form of electronic pick pocketing. RFID blocking technology is not a new concept, however – most of the RFID/NFC blocking material and products currently available are only able to reduce ‘data leakage’ – not completely block it.
“An estimated 17,6 million Americans—about 7% of U.S. residents age 16 or older—were victims of identity theft in 2014. Most victims (86%) experienced the misuse of an existing credit card or bank account”*.
“Most identity theft victims did not know how the offender obtained their information, and almost all (9 in 10) did not know anything about the offender”*.
During 2005 to 2014, victims of ID theft have been estimated to have risen from 3,6 – 17,6 million in the US alone. That’s why Pagalli leather wallets have the industry’s leading data theft security foil – CRYPTALLOY- built right in. CRYPTALLOY is one of the few blocking foils in the world that is TÜV and ASTM certified, and that blocks 100% of all known frequencies. The integration of CRYPTALLOY into our wallets makes Pagalli one of the very few brands in the world to have been certified by an independent body for data theft protection.
*Source: Bureau of Justice Statistics, US Department of Justice (NCJ 236245 Nov 2011, NCJ 243779 Dec 2013, NCJ 248991 Sep 2015).