World

Cybercrime's threat in a cashless world

The drive towards a cashless society may eventually eliminate cash-based crimes, but there are myriad ways our digital life can be exploited by criminals and even governments. Fraud, transaction laundering, hacking - the digitisation of commerce and banking has left us vulnerable in new ways. Martin Wolf, the FT’s chief economics commentator, tells us why going cashless isn’t the answer to preventing crime.