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Cybercrime: the invisible theft in the cashless economy





We often see news about cybercrimes. Large ones, like the Equifax breach, when hackers stole data of roughly 145.5 million US customers, the Wannacry attack, or theft of $400 million from the cryptocurrency exchange Coincheck, seem to be the most disturbing. * All these crimes vary in nature. The Equifax breach was an identity theft, Wannacry was ransomware attack, and hackers stole cryptocurrency during the Coincheck incident. Nevertheless, there is one common thing: all of them are large-scale cybercrimes. And while we denounce audacity of cybercriminals, we do not realize that our cards and bank accounts are subject to the same threats.

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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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