Bombshell report: Going Cashless Has Turned Sweden Into a High-Crime Nation

Sweden, a largely cashless society, faces rising digital crime, with online scams doubling to 1.2 billion kronor in 2023 (estimated to be as much as 2.5% of the country's GDP). This surge in fraud contributes significantly to the country's criminal economy. Authorities are balancing the need for tighter security with maintaining economic efficiency. BankID, Sweden's digital authorization, essential for many daily transactions, has become both a convenience and a vulnerability. Despite efforts to combat crime, the central bank acknowledges the continued legitimate use of cash. Swedish financial crime has garnered fewer headlines than the surge in gang and drug violence, it's become a growing risk for the country. More at https://www.irishexaminer.com/business/economy/arid-41421928.html
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