With a standard RFID scanner, inexpensive online, he could see the card information inside the wallet. He pulled out an ordinary wallet to illustrate the point. If Gilpin were a hacker, he could steal personal information from anyone within this zone, including the sharks. He drove home this danger by referencing a strip of red tape encircling the tank. RFID scanners could be used to steal all the relevant details, including a card number, its expiration date, and the security code. This issue was set to become more commonplace as identity thieves developed cheaper and more effective ways to steal personal information. He brought up an issue that almost everyone can relate to: waking up in the middle of the night to calls from the bank about “suspicious activity” on a credit or debit card. Gilpin opened negotiations at twelve-and-a-half percent equity for two hundred thousand dollars. We’ll see if the sharks buy into his innovative idea. An investment would also go toward marketing to establish trustworthiness for his brand. Gilpin needs capital to invest in continued research and development. It represents a combination of simplicity and security that could be attractive to investors. Using the product is as simple as stashing it in your wallet or purse. The SignalVault blocks RFID scanners by broadcasting a higher radio frequency than credit and debit cards. Of course, things aren’t always as they seem. The device is unassuming, appearing to be an ordinary credit card. But just like a headache, it has a remedy. At the very least, identity theft is a headache. Before you know it, you could have your balance wiped out, with little recourse. In recent years, these scanners have become advanced enough to work from remote distances of up to twenty-five feet. With modern technology, identity thieves can steal credit or debit card information with RFID (Radio Frequency Identification) scanners. However, Chris Gilpin, the inventor of SignalVault, may have uncovered a more subtle danger for the average person.
SIGNAL VAULT AFTER SHARK TANK TV
Whether it’s reports of terrorist violence, constant updates on murder sprees, or apocalyptic predictions about the stock market, fear drives TV remotes and mouse clicks. It seems like modern media is entirely based on fear.
SIGNAL VAULT AFTER SHARK TANK UPDATE
SignalVault Now in 2018 – After Shark Tank Update.
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