Technology

59647 readers

3015 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

629

Sweden, Norway rethink plans for cashless societies over fears that fully digital payment systems would leave them vulnerable to Russian security threats (www.theguardian.com)

submitted 3 weeks ago by 0x815@feddit.org to c/technology@lemmy.world

156 comments fedilink hide all child comments

cross-posted from: https://feddit.org/post/4262252

A combination of good high-speed internet coverage, high digital literacy rates, large rural populations and fast-growing fintech industries had put the Nordic neighbours on a fast track to a future without cash.

[...]

But Russia’s invasion of Ukraine in 2022 and a subsequent rise in cross-border hybrid warfare and cyber-attacks blamed on pro-Russia groups have prompted a rethink.

[...]

The Swedish government has since completely overhauled its defence and preparedness strategy, joining Nato, starting a new form of national service and reactivating its psychological defence agency to combat disinformation from Russia and other adversaries. Norway has tightened controls on its previously porous border with Russia.

[...]

[Norway's] justice and public security ministry said it “recommends everyone keep some cash on hand due to the vulnerabilities of digital payment solutions to cyber-attacks”. It said the government took preparedness seriously “given the increasing global instability with war, digital threats, and climate change. As a result, they’ve ensured that the right to pay with cash is strengthened”.

[...]

(page 2) 50 comments

sorted by: hot top controversial new old

[–] Peffse@lemmy.world 6 points 3 weeks ago (15 children)

This would suck so bad. My debit card's chip went bad and the bank can't reissue me a new one until it expires. I've been using cash as a fallback when I don't want to do the '3 chip failure timeout then swipe' dance just to purchase some soda.

[–] 0x0@programming.dev 5 points 3 weeks ago

the bank can’t reissue

You mean they won't. Change banks or threaten to do so, might work.

[–] Pika@sh.itjust.works 5 points 3 weeks ago (1 children)

I would be changing banks. That's super unreasonable

load more comments (1 replies)

load more comments (13 replies)

[–] uis@lemm.ee 6 points 3 weeks ago* (last edited 3 weeks ago) (3 children)

My derped eyes and pronked brain read cashless as moneyless. Comon, Nordic countries, you can do it.

load more comments (3 replies)

[–] pinkystew@reddthat.com 5 points 3 weeks ago

I hoped for a second they meant moneyless.

[–] Blackmist@feddit.uk 5 points 3 weeks ago (3 children)

Sure, but if a cyber attack knocks out your credit card systems in a targeted attack, chances are they're taking your cash machines down as well.

And who carries enough cash around to be useful any more? I know I don't. I might have a £20 note tucked in my phone case at a push.

load more comments (3 replies)

[–] muntedcrocodile@lemm.ee 4 points 3 weeks ago

Funny way to say people dont like the idea of having all financial privacy ripped away from them.

load more comments