Cashless Societies: Causes for Concern

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 Source: CNN

A cashless society is no longer a myth but an impending reality, one of the causes for concern is the issue of privacy which this article deals with.

The idea of a cashless society, i.e., ‘a civilization holding money, but without its most distinctive material representation – cash’, is said to have originated in the late 1960s. The transition to go cashless had been slow and steady, but it is now increasing at a rapid pace this last decade. As technology evolves, the shift from a cash reliant to a cashless society is becoming more apparent. At least in the urban society, using ‘contactless payments’ or ‘non-cash money’ is not unheard of. It has been reported that not only did the first debit card possibly hit the markets in the mid-1960s but that in 1990, debit cards were used in about 300 million transactions, showing the rise of the same in today’s society. Before welcoming this change with open arms, we must take care that we do not ignore the security and privacy concerns, some of which will be addressed in this article.

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Fake News and Its Follies

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Fake news may seem to be very innocuous and in fact might not seem to cause much harm to anyone or have any real-world consequences. Fake news is a phenomenon where a few individuals, sites and online portals create or/and share pieces of information either completely false or cherry-picked from real incidents with the intention to mislead the general public or gain publicity. We all have at least once received a message on WhatsApp groups or on Twitter or on Facebook saying things like – Jana Gana Mana received ‘best national anthem’ award from UNESCO, or that the new Rs 2000 notes have a GPS enabled chip, or that Narendra Modi has been selected as the Best PM in the world by UNESCO. These apparently harmless rumours have done little more than made Twitter trolls target unsuspecting individuals, sometimes even well-known people.

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