{"id":595317,"date":"2023-01-08T05:49:21","date_gmt":"2023-01-08T11:49:21","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/08\/cashless-denmark-has-no-bank-robberies-in-a-year-for-first-time\/"},"modified":"2023-01-08T05:49:21","modified_gmt":"2023-01-08T11:49:21","slug":"cashless-denmark-has-no-bank-robberies-in-a-year-for-first-time","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/08\/cashless-denmark-has-no-bank-robberies-in-a-year-for-first-time\/","title":{"rendered":"Cashless Denmark has no bank robberies in a year for first time"},"content":{"rendered":"<div id=\"content-header\">\n<h2>Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase<\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"Karl Flinders\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Karl-Flinders\">Karl Flinders,<\/a><br \/>\n\t\t\t\t\t\t<span>Chief reporter and senior editor EMEA<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>05 Jan 2023 12:15<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>There were no bank robberies in Denmark last year, as a result of better security and the fact that the banks in the largely cashless society don\u2019t hold large amounts of cash on-premise.<\/p>\n<p>But the figures from Danish bank association Finans Danmark also revealed that online banking fraud has increased as criminals change their strategies.<\/p>\n<p>For comparison, there were 221 bank robberies in 2000, 121 in 2004, and recent years have seen single figures, with just one in 2021.<\/p>\n<p>Steen Lund Olsen, deputy chair at financial sector trade union Finansforbundet, said: \u201cIt\u2019s nothing less than fantastic, because it\u2019s a very extreme burden on staff every time it happens.\u201d<\/p>\n<p>However, the figures reveal that criminals are now changing their methods and moving to less risky cyber crimes.<\/p>\n<p>\u201cThe physical robberies have largely been replaced by\u00a0online banking fraud and other forms of digital crime, which are considerably less risky for the criminals but unfortunately pay great dividends,\u201d said a Finans Danmark statement.<\/p>\n<p>Denmark and its Nordic neighbours have been leading the charge towards a cashless society. Nordic advances with digital currencies are being made against a backdrop of cash usage across Scandinavia falling to below 10%, and where digital mobile payment alternatives, provided by Nordic fintech actors such as Swish, MobilePay and Vipps, are increasingly popular with consumers.<\/p>\n<p>The arrival of Covid-19 and the limitations on the movement of people imposed to reduce its spread also accelerated the take-up of digital payments, as physical shopping reduced and many businesses moved to contactless payments only to limit contact between people.<\/p>\n<p>According to\u00a0UK Finance\u2019s<a href=\"https:\/\/www.ukfinance.org.uk\/system\/files\/2022-08\/UKF%20Payment%20Markets%20Summary%202022.pdf\">\u00a0<\/a><em><a href=\"https:\/\/www.ukfinance.org.uk\/system\/files\/2022-08\/UKF%20Payment%20Markets%20Summary%202022.pdf\">UK payment markets 2022<\/a><\/em>\u00a0report, the pandemic had a transformative impact on the payments market by <a href=\"https:\/\/www.computerweekly.com\/news\/252523963\/Contactless-accounted-for-one-third-of-all-payments-made-in-the-UK-in-2021-research-shows\">accelerating the continued decline in the use of cash payments,<\/a> while the use of debit cards also slumped after years of rising usage.<\/p>\n<p>\u201cThe pandemic not only led to a reduction in the total number of payments made in the UK \u2013 it also led to changes in the types of payment that were used,\u201d said the report summary document. \u201cPeople made greater use of contactless payments, online banking and mobile wallet channels, largely at the expense of cash payments.\u201d<\/p>\n<p>In the UK, like in Denmark, there has also been a surge in APP fraud, also known as bank transfer fraud. This sees criminals use fake websites and emails to trick consumers into authorising payments to them as the scammers attempt to\u00a0<a href=\"https:\/\/www.computerweekly.com\/news\/252507072\/Authorised-push-payment-fraud-sees-huge-increase-as-criminals-switch-tactics\">avoid the security embedded into the banking system<\/a>. It\u2019s a growing problem which, according to banking trade body UK Finance, increased by\u00a0<a href=\"https:\/\/www.computerweekly.com\/news\/252507072\/Authorised-push-payment-fraud-sees-huge-increase-as-criminals-switch-tactics\">70% in the first six months of this year<\/a>, reaching a value of \u00a3355m.<\/p>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on Application security and coding requirements<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.computerweekly.com\/news\/252515687\/Banks-should-be-able-to-integrate-e-krona-into-existing-systems-says-Swedish-regulator\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/Swedish-krona-hero-AdobeStock_280907063_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Swedish-krona-hero-AdobeStock_280907063_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Swedish-krona-hero-AdobeStock_280907063.jpg 1280w\" alt ><\/p>\n<h5>Banks should be able to integrate e-krona into existing systems, says Swedish regulator<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/252512870\/UAE-chooses-Accenture-to-develop-national-payments-platform\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/contactless-payment-shopping-smartphone-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/contactless-payment-shopping-smartphone-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/contactless-payment-shopping-smartphone-adobe.jpg 1280w\" alt ><\/p>\n<h5>UAE chooses Accenture to develop national payments platform<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/252506713\/Nordic-central-banks-drive-fintech-and-digital-currency\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/banking-finance-growth-fintech-startup-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/banking-finance-growth-fintech-startup-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/banking-finance-growth-fintech-startup-adobe.jpg 1280w\" alt ><\/p>\n<h5>Nordic central banks drive fintech and digital currency<\/h5>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/252502004\/Bank-of-England-calls-for-feedback-on-digital-currencies\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/cryptocurrency-Bitcoin-Ethereum-Litecoin-2-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/cryptocurrency-Bitcoin-Ethereum-Litecoin-2-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/cryptocurrency-Bitcoin-Ethereum-Litecoin-2-adobe.jpeg 1280w\" alt ><\/p>\n<h5>Bank of England calls for feedback on digital currencies<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/252528894\/Cashless-Denmark-has-no-bank-robberies-in-a-year-for-first-time\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Laine Schildgen<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase By Karl Flinders, Chief reporter and senior editor EMEA Published: 05 Jan 2023 12:15 There were no bank robberies in Denmark last year, as a result of better security and the fact that the banks<\/p>\n","protected":false},"author":1,"featured_media":595318,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30529,26154,46],"tags":[],"class_list":{"0":"post-595317","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cashless","8":"category-denmark","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/595317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=595317"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/595317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/595318"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=595317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=595317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=595317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}