Banking

Bank break-ins are up to zero for very first time in cashless Denmark | PaymentsSource

Bank break-ins are ending up being a distant memory in cashless Denmark as the Nordic nation taped its very first year of no troubles in 2022.

Criminals have actually discovered it no longer settles to stroll into bank branches looking for a bag of crisp notes, as falling money usage in society has actually pressed banks to cut expenses by pulling money services from many branches.

In 2021, Denmark just had one bank burglary, according to information from Finance Denmark, the nation’s biggest market group for lending institutions. That’s below 222 simply twenty years earlier.

Danes progressively utilize cards and payments apps on their smart devices for deals, triggering money withdrawals to stop by about three-quarters over the last 6 years, according to reserve bank information. In overall, about 20 bank branches throughout Denmark have money holdings, according to Finance Denmark.

As money vanished from banks, burglars began targeting ATMs, with such attacks peaking at 18 in the year 2016. Those have actually likewise boiled down to no in the middle of much better security and technical defense, the financing group stated.

—With support from Ott Ummelas.

Gabriel

A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

Related Articles

Back to top button