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

Education: how will we teach the value of money without cash?

Cashless society Vs terrorism: Are States fighting last year’s war again?

Inclusion: a cashless economy fights the poorest, not poverty

A cashless economy to root out theft and petty crime?

A cashless economy as a bulwark against fraud and tax evasion?

Does a cashless economy really boost economic growth for all?

Governments and sovereignty concerns in a cashless society

Why commercial banks are lobbying in favor of a cashless economy

Ecology: the carbon footprint of payment means in a cashless economy

The convenience of payments means in a cashless economy