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RFID (Radio Frequency Identification) is a method of wireless data collection technology that uses RFID tags or transponders to electronically store and retrieve data. RFID tags are quickly replacing barcodes as the “identification system of choice” [1]. Since RFID devices are electronic devices, they can be hacked into by an outsider, and their data can be accessed or modified without the user knowing. New threats to RFID-enabled systems are always on the horizon. A systematic classification should be used to categorize these threats to help reduce confusion. This paper will look at the problem of security threats towards RFID systems, and provide a taxonomy for these threats.