Cyber-theft is a real threat

Cyber-theft is a real threat
As the government pushes to transform Thailand into a "cashless society", a series of security breaches of banks' computer systems over the past few years have made many reluctant to fully embrace online and mobile banking services. Last week's hacking of two major banks should be seen as a warning sign to bankers, regulators and lawmakers that they are lagging in the fight to counter cyber attacks and protect consumers. With cyber-attackers' growing capabilities, banks and financial institutions will remain vulnerable to hacking. It is hard to rule out the possibility that financial transaction data will become vulnerable to future cyber heists.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view

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Top Ten Things To Know

The debate

The Dangers of a Cashless Economy

"It's time to halt the relentless drive for a cashless society" Ross Clark

Cashless society: two sides of the debate

The cashless society in question: why going cashless puts privacy at risk?

The IMF wants to ban cash so so you pay the bank to hold your money

A cashless society may not equal financial inclusion

What the demise of the cashless society will really mean

Is going full cashless society a threat?

Cashless backlash delays move to walletless economy

What are the pitfalls of a cash-free society ?