# US Federal Trade Commission report published February 2012.?Identity Fraud cost Americans $18 Billon in 2011? In Australia in 2010-2011 people over 15 years and over lost $1.4 billion due to personal fraud ? Australian Bureau of Statistics Personal Fraud Survey for 2010 – 2011
^ ?Passive Shields or metallic wallets ? Only reduce the signal strength, this will not block a high-powered RFID reader? ? Source: Credit Card Fraud ? The contactless Generation | Kristin Paget | Chief Hacker, Recursion Ventures. Please note Kristin Paget does not sponsor or officially endorse this website or product, we have only referenced a report that is freely available online to download and read. All credit for the report and its findings go to Kristin Paget.
* International Patent Application filed: PCT/AU2013/001415