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We Cannot Ignore The Privacy Implications Of Going Cashless
Townhall.com ^ | April 15, 2022 | Jason Reed

Posted on 04/15/2022 10:37:51 AM PDT by Kaslin

Little by little, our society is going cashless. More and more people are jettisoning cumbersome coins and notes in favor of the convenience of instant electronic transactions. They might be quicker and easier in the moment but going cashless comes with grave implications for our privacy which we risk forgetting.

When it comes to privacy, nothing comes close to cash. It is the most private form of transaction and the most anonymous. By contrast, electronic payments involve providing personal information not just to merchants, but also third parties.

Electronic payments, on the other hand, present privacy risks that cash payments do not. The convenience of paying electronically means, inevitably, your data and your money must be stored remotely elsewhere. That makes it vulnerable to being exposed in data breaches. It exposes you to fraud and makes your personal data ripe for hackers and other criminal actors.

It is easy to dismiss that idea as an abstract threat. What are the chances of that happening to me, you might ask. In fact, it probably already has happened to you. Alarming research suggests that 15 billion credentials are in circulation on dark web marketplaces used by criminals to trade stolen data.

(Excerpt) Read more at townhall.com ...


TOPICS: Culture/Society; Editorial
KEYWORDS: cashless; privacy
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1 posted on 04/15/2022 10:37:51 AM PDT by Kaslin
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To: Kaslin

The problem is, a massive majority of people DO ignore the implications of going cashless.

But there are a lot of people, very, very bad people, who not only do not ignore it, would wish to exploit it.


2 posted on 04/15/2022 10:39:47 AM PDT by rlmorel (Democrats running things is termite infestation, and the exterminator won't be here for 3 years.)
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To: Kaslin

The end of cash will be a dystopian nightmare.


3 posted on 04/15/2022 10:41:45 AM PDT by Paladin2
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To: Kaslin

Just yesterday we went to a restaurant with a sign posted out front that said their computer was down and they could serve only cash customers.


4 posted on 04/15/2022 10:43:32 AM PDT by Retain Mike ( Sat Cong)
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To: Kaslin

Except almost every transaction is also video taped.


5 posted on 04/15/2022 10:44:11 AM PDT by US_MilitaryRules
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To: US_MilitaryRules

That horse has left the barn.


6 posted on 04/15/2022 10:44:43 AM PDT by DIRTYSECRET
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To: Kaslin

I’ve been pretty much ‘cashless’ my whole life!.............


7 posted on 04/15/2022 10:45:34 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Kaslin

I actively work to use cash in part to help keep the usage alive. I suggest other FReepers do the same.


8 posted on 04/15/2022 10:45:46 AM PDT by FreedomPoster (Islam delenda est)
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To: Kaslin

And who’s going to stop the government from directing the banks to freeze your credit/debit cards so you can’t purchase anything until you comply with their insane mandates, or until you buy an electric car, or put solar panels on your roof, etc?


9 posted on 04/15/2022 10:46:23 AM PDT by rockabyebaby (THE BEST IS YET TO COME - (PRESIDENT DONALD J. TRUMP))
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To: Retain Mike

I went through a Jack in the Box drive-thru a few weeks ago that had a sign saying cards only. They’re right on the interstate so maybe they’ve been robbed and decided to do away with cash. I don’t think it was a matter of having run out of change as the signs looked like they’d been up a while.


10 posted on 04/15/2022 10:48:33 AM PDT by Pollard (PureBlood -- https://youtube.com/watch?v=VXm0fkDituE)
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To: FreedomPoster

Cash Fridays is a thing.


11 posted on 04/15/2022 10:49:08 AM PDT by Pollard (PureBlood -- https://youtube.com/watch?v=VXm0fkDituE)
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To: Kaslin
And what happens when the internet goes down?

Typhoons, floods, and earthquakes have messed up our internet and banks here in the Philippines usually for a short time, but still it was inconvenient.

And then there are really serious things that could mess things up, like war and solar flares.

12 posted on 04/15/2022 10:49:32 AM PDT by LadyDoc (liberals only love politically correct poor people)
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To: Kaslin

Watching GoFundMe cut off the the Canadian truckers access to their money should have opened a lot of eyes.


13 posted on 04/15/2022 10:50:02 AM PDT by Lizavetta
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To: rlmorel

just remember ....you go cashless...your med records accessible to all ...don’t be angry when you go get your everytbing bagel with egg, bacon and sausage, and the transaction machine returns with “denied, per doctor’s order!”

also,again, you are at your sports store purchasing your latest cartridge loading for your favorite schutszen, and the transaction machinereports: “denied, doctor refuses firearms related purchases!”


14 posted on 04/15/2022 10:51:23 AM PDT by Terry L Smith
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To: rockabyebaby

Just imagine if you fail to properly sing the praises of Dear Leader? You will wish you were never born.


15 posted on 04/15/2022 10:52:36 AM PDT by ProtectOurFreedom (“Liberty is an antecedent of government, not a benefit from government” ~ Clarence Thomas)
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To: Kaslin

He’s sweating the small stuff

I have been pretty much cashless for several years now. It’s not for all because all do not have outstanding banks with which to deal.

All my clients deposit invoice payments to my checking account. Social Security deposits checks to my personal account. In the event a check is received, I punch the deposit button on my bank phone ap, take two pictures and the deposit is made.

All payments made are electronic, by credit card or by the bank or credit card payment system.

Cash payments are pretty much to my barber and the boy who does some occasional yard work. Oh yes, my mechanic needs a check for oil changes etc

When I receive my credit card statement there are all payments for review. There are almost no checking account reconciliation. It’s all there on my bank web statement. My business requires me to write checks for expenses to various accounts. A single payment for all is made to the credit card and then each paid item is posted to the correct account. That makes the expense ledger with all expenses posted to the correct account.

All business is conducted electronically with virtually no cash changing hands. Retail vendors do handle cash but much is electronic

Money is not green paper. Money is now blips on electronic ledgers


16 posted on 04/15/2022 10:53:12 AM PDT by bert ( (KE. NP. N.C. +12) Promoting Afro Heritage diversity will destroy the democrats)
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To: DIRTYSECRET

“That horse has left the barn.”

Roger that.

I’d bet for every $100,000 a household spends in America, 99 percent is not done by bills or coins.


17 posted on 04/15/2022 10:54:52 AM PDT by BiglyCommentary
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To: Kaslin

One EMP and starvation.


18 posted on 04/15/2022 10:56:28 AM PDT by right way right (May we remain sober over mere men, for God really is our only true hope. )
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To: Kaslin

Track the progress of Central Bank Digital Currency here; https://cbdctracker.org/

Canada, China, Saudi Arabia, France, Uruguay and SA are piloting CBDC. Nigeria has fully implemented it.(Nigerian Princes hardest hit) Philippines and Ecuador cancelled their pilots. US and many others are researching it. Others are in the Proof of Concept stage.


19 posted on 04/15/2022 10:56:46 AM PDT by Pollard (PureBlood -- https://youtube.com/watch?v=VXm0fkDituE)
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To: Pollard

Another possibility is that the workers they hire are so uneducated they cannot make proper change.


20 posted on 04/15/2022 10:57:24 AM PDT by howlinhound (Live your life so that, when you get up in the morning, Satan says, "Oh Crap!..He's awake" - Unknown)
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