- NFC is called "Near Field" for a reason. It only works within a few centimeters, so criminal would need to get very close to the victim. This is generally more difficult and riskier than other forms of digital theft;
- CNICK rings transmit signal from the circle so in order to make the ring readable you have to bend your finger and tap the knuckle on the reader;
- The Point of Sale (POS) terminals used for legitimate transactions are registered with a payment processor and will only work if they are verified. Unauthorized devices or those used for malicious purposes would not be able to process transactions without detection;
- CNICK Rings use encryption and tokenization to secure the transaction. Tokenization replaces sensitive card information with a random code, or "token". Even if a criminal manages to capture this information, they would not be able to reuse it to make a fraudulent purchase. Therefore paying using CNICK rings is more secure than using debit/credit card as tokenization makes it impossible even to read card details (the code that is printed on the card and used for ecom purchases);
- There is a limit on the value of a single contactless transaction, requiring a PIN for larger transactions. The limit varies by country usually it is between 50-100 EUR. This provides an additional layer of security against fraudulent activity.
Is cnick ring cloning possible?
- CNICK smart rings use the world's most secure EMVCo certified chip, which unlike regular NFC chips, has multi-level encryption. that makes it impossible to clone;
- CNICK smart payment rings use tokenization to secure the transaction. Tokenization replaces sensitive card information with a random code, or "token". Even if a criminal manages to capture this information, they would not be able to reuse it to make a fraudulent purchase. Therefore paying using CNICK rings is more secure than using debit/credit card as tokenization makes it impossible even to read card details (the code that is printed on the card and used for ecom purchases).