Surprise! Most RFID credit card failed basic security test

This is terrible for credit card users! According to New York Times, most of the RFID credit cards failed basic security test. Most credit card companies claim that data on credit cards are encrypted with 128-bit encryption technology. The Times has found that cardholder's name and other data are being transmitted in plain text only, i.e with NO encryption. Besides, the cards can be scanned with some fairly basic radio gear worth about $150. The data can be sniffed from the card through clothes, purses and wallets.