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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 2 weeks ago by [email protected] to c/[email protected]

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”.

[...]

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[–] [email protected] 46 points 2 weeks ago (14 children)

In America, you can't open a bank account without an address. That means that the homeless population can't open a bank account (not easily, anyway), and therefore can't get a debit card.

Cashless is a nice idea, but it is extremely prohibitive against the most vulnerable people (which, sadly, might be part of the point).

[–] [email protected] 26 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

It's largely a non-issue in the Nordic countries as you basically have to voluntarily opt out of any government aid programs to be homeless, which understandably most don't. This goes for most, if not all, vulnerable groups; most of the help is decently robust, at least enough to keep you fed and in housing. So I don't think it's a very large portion of the consideration, almost everything is paid via mobile pay, checks (any, not just from working) are all done digitally as well.

[–] [email protected] 6 points 2 weeks ago (1 children)

Ah yes, socialist practices... look how evil it is... taking care of others.

[–] [email protected] 3 points 2 weeks ago

Inhuman communist savages the lot of them!

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