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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 17 hours ago by 0x815@feddit.org to c/technology@lemmy.world

53 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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[–] Peffse@lemmy.world 5 points 12 hours ago (3 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.

[–] M137@lemmy.world 4 points 6 hours ago (1 children)

That doesn't seem right at all, no matter the country. And do you not have tap payments?

[–] Peffse@lemmy.world 1 points 6 hours ago

Correct. The card is not tap. The only cards they can order now are tap, so to get a replacement they have to cancel the card and issue a brand new one, messing up any autopay tied to the current number and leaving me without a payment method while the new one arrives.

[–] lazynooblet@lazysoci.al 9 points 10 hours ago

Report it lost instead. I've lost cards loads of times over the years. One phone call and the new one is on its way. However the fact your bank wouldn't issue your replacement makes me think they would charge you for this privilege.

[–] brewery@lemmy.world 6 points 10 hours ago

They seriously won't issue one even though it's faulty? Surely it's their fault as suppliers of a defective product that is probably still owned by them in some legalise way!

My chip stopped working and after one quick phone call they sent a replacement one. Do all the banks you can access do this or worth changing over?