Feeds

Japan yens for RFID chips

Circulation grabber

  • alert
  • submit to reddit

3 Big data security analytics techniques

As Europe mulls the idea of implanting radio chips into euro notes, Japan has gone a step further with plans to incorporoate the controversial technology in currency that will enter circulation next year.

New 10,000 Yen bills (worth about £51) currently entering production are to be implanted with IC chips from Hitachi in a bid to combat counterfeiters and money launderers, according to Japanese reports relayed to us by Osaka-based Reg Reader D. Michael Ramirez.

Notes will come with Hitachi's 0.3mm "mew-chip" which responds to radio signals by sending out a 128-bit number. This information could include a serial number with the date and place of origin of a note. Each chip costs around 50 Yen (26p).

Yesterday the Japanese programme World Business Satellite, ran a story about the new bills, Ramirez tells us.

"They placed about 50 or so in a bottle and then took pictures of the bottle, live, on air, with the announcer holding the bottle spotted with IC chips for all the viewers to see," he said.

Already, privacy activists and some technologists are already voicing their concern over the privacy implications of RFID tags attached supermarket goods. Such fears can only be magnified when this technology is included in the money in our pockets. ®

Related Stories

EC moots trackable cyber euro
Money tracking by micro chip
RFID Chips Are Here
RFID spy-chippers leak confidential data on the Web

3 Big data security analytics techniques

More from The Register

next story
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Putin tells Snowden: Russia conducts no US-style mass surveillance
Gov't is too broke for that, Russian prez says
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
Arts and crafts store Michaels says 3 million credit cards exposed in breach
Meanwhile, Target investigators prepare for long process in nabbing hackers
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.