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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.

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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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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