Sections

Cybercrimes and security in a cashless society by Dr Muzaffar Syah Mallow





Efforts to introduce a cashless society here won’t eliminate crimes, such as money laundering, embezzlement and corruption. Criminals will continue to find ways to carry out their activities, regardless of the method of transaction. There is also the fear that society will be exposed to new kinds of criminal activities involving online financial transactions if we rush into this plan to turn our society into a cashless one.
With the advent of technology such as the smartphone, our daily activities have changed tremendously. We rely on our smartphones to perform our jobs, including conducting financial transactions.
Although this new technology and the efforts to make our society a cashless one may be seen positively by many, it will pose another risk to the people.

Read more



Go Further
1 2








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









Newsletter subscription

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 ?