Reported about 1 year ago
In Sweden, the widespread adoption of digital payment systems like BankID has led to a surge in online fraud and digital crimes, with criminals exploiting the country's cashless economy. Authorities are working to enhance security measures to combat the rising threat, as complex fraud schemes have turned Sweden into a hub for criminal entrepreneurship. The shift away from paper money has inadvertently facilitated benefit fraud and money laundering, prompting calls for stronger regulations to protect consumers and businesses from financial crimes.
Source: YAHOO