![]() Gilpin get a Shark on the same frequency and get an investment? SignalVault Shark Tank RecapĬhris enters the Tank seeking 200K for 12% of his business. The SignalVault sells for fifteen bucks on Amazon. This solution is a more high tech version of RFID blocking devices and there are other products in development – called RFID garbling devices – that do the same thing. It fits in a purse or wallet and effectively jams the signal on an RFID scanner a thief could be using for unscrupulous purposes. The Signal Vault is the size of a credit card. ![]() Some people will even go so far as to disable the chip in their cards by drilling a hole through the chip.Īs a result of the new-found awareness of this problem, he sold over 50,000 SignalVault cards. He was in big demand as news shows and other media sought his opinion and advice about how to avoid such data breaches. There are other devices that people can use – such as wallets or sleeves for their credit cards that block radio frequencies. Gilpin started the business with winnings from a $1 lottery scratch ticket back in 2013 and gained instant “expert status” when the now-famous Target credit card data breach was made public. Signal Vault bills itself as a way to protect yourself from getting your credit or debit card data stolen by thieves who use RFID scanners to read data on RFID (Radio Frequency Identification) chips embedded into the new generation of “smart cards.” New credit and debit cards have these chips inside them and thieves use scanners to read card data in any public place (like the mall) without the victim ever knowing their data is being stolen. Entrepreneur Chris Gilpin pitches SignalVault to the Sharks in episode 701 – the season seven premier of Shark Tank.
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