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How Sweden's push to go cashless has left consumers and the country vulnerable to online fraud; value of fraudulent transactions has doubled since 2021 (Bloomberg) (www.techmeme.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Bloomberg: How Sweden's push to go cashless has left consumers and the country vulnerable to online fraud; value of fraudulent transactions has doubled since 2021 — Sweden has led the way in Europe in going cashless, but fast and easy digital commerce have left consumers and the state vulnerable to fraud.

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[–] [email protected] 8 points 2 months ago (3 children)

I imagine street muggings are way down, though

[–] [email protected] 3 points 2 months ago

Exactly. I'd be interested in seeing what it did for total "take money from individuals" crime

[–] [email protected] 1 points 2 months ago

Muggings (a.k.a person robberies) have gone up, for unrelated reasons.

[–] [email protected] 1 points 2 months ago (1 children)

If they use their fingerprint for bankid identification I am not sure you'd be safe from mugging and subsequent app money transfer.

[–] [email protected] 1 points 2 months ago

The hurdle to do that more than once is far higher that way. If he used his own back account or whatever to send the money to, that is like leaving his credentials.