Sweden, Norway rethink plans for cashless societies over fears that fully digital payment systems would leave them vulnerable to Russian security threats - eviltoast

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”.

[…]

    • 01011@monero.town
      link
      fedilink
      English
      arrow-up
      5
      arrow-down
      1
      ·
      edit-2
      2 months ago

      Most of us need permission just to get our hands on cash.

    • sunzu2@thebrainbin.org
      link
      fedilink
      arrow-up
      4
      arrow-down
      3
      ·
      2 months ago

      Exactly… I am amazed that we all allowed for things to get this bad.

      A lot of work to try to undo this idiocy.

      Deny money changers profit