this post was submitted on 30 Oct 2024
518 points (98.7% liked)

Technology

59000 readers
4269 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
518
Sweden, Norway rethink plans for cashless societies over fears that fully digital payment systems would leave them vulnerable to Russian security threats (www.theguardian.com)
submitted 1 day ago by [email protected] to c/[email protected]
120 comments fedilink hide all child comments
 

cross-posted from: https://feddit.org/post/4262252

A combination of good high-speed internet coverage, high digital literacy rates, large rural populations and fast-growing fintech industries had put the Nordic neighbours on a fast track to a future without cash.

[...]

But Russia’s invasion of Ukraine in 2022 and a subsequent rise in cross-border hybrid warfare and cyber-attacks blamed on pro-Russia groups have prompted a rethink.

[...]

The Swedish government has since completely overhauled its defence and preparedness strategy, joining Nato, starting a new form of national service and reactivating its psychological defence agency to combat disinformation from Russia and other adversaries. Norway has tightened controls on its previously porous border with Russia.

[...]

[Norway's] justice and public security ministry said it “recommends everyone keep some cash on hand due to the vulnerabilities of digital payment solutions to cyber-attacks”. It said the government took preparedness seriously “given the increasing global instability with war, digital threats, and climate change. As a result, they’ve ensured that the right to pay with cash is strengthened”.

[...]

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 4 hours ago (1 children)

Is it a new account? Or is it just a new debit card number that references the same checking account?

With credit cards it's a bit more obvious what's going on because there's a clear difference between closing an account (requires another credit check), cancelling a card (changes number, but doesn't change underlying account), and reissuing a card (same number, just replaces the physical card). I've done all three with debit cards, and at least here, cancelling a card just means those numbers are no longer valid and you'll get new numbers, but the account is in-tact (and you retain the same account number) and autopay is redirected to the new number automatically.

I haven't had a debit card replacement impact the account except one time, when the checking account number was embedded in the debit card number (small bank, never again), and that was like 15 years ago.

[–] [email protected] 1 points 4 hours ago (1 children)

same checking number, new account. The branch manager was 100% sure that any autopay using the current card would not be automatically updated because the new card would not be considered a successor to my current card.

She even showed me the scenario play out in the card ordering software.

[–] [email protected] 1 points 4 hours ago (1 children)

Weird, maybe debit works differently than credit? I haven't used a debit card for autopay for several years.

[–] [email protected] 2 points 4 hours ago* (last edited 4 hours ago)

¯\_(ツ)_/¯

All I know is that if my country was entirely digital in payments, I'd be between a rock and a hard place.