Rise in hybrid warfare and cyber-attacks blamed on pro-Russia groups prompt Nordic neighbours to backpedal
Swedish banknotes. The government’s latest crisis preparedness advice says people should keep at least a week’s supply of cash in various denominations.Swedish banknotes. The government’s latest crisis preparedness advice says people should keep at least a week’s supply of cash in various denominations.
The government is also considering legislation to protect the ability to pay in cash for certain goods. Cash is legal tender in Sweden, but shops and restaurants can effectively make themselves cashless as long as they display a notice setting out their restrictions on payment methods. The country’s justice and emergencies minister, Emilie Enger Mehl, said earlier this year: “If no one pays with cash and no one accepts cash, cash will no longer be a real emergency solution once the crisis is upon us.” Prolonged power cuts, system failures or digital attacks on payment systems and banks could leave cash as “the only alternative that is easily available”, she said.
Because all Swedish payment systems were part of one ecosystem, an attack could bring society to a standstill, he said.
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