Privacy Concerns in a Cashless Society

How will individual privacy hold up in a cashless society? As payment technology brings us closer to a world where cash is scarce, concerns about how non-cash payments can be tracked, and how secure they are, proliferate. Cybersecurity Law Report spoke to Christoph Tutsch, founder and CEO of ONPEX, a Munich-based online payment exchange, and David Navetta, a partner and U.S. co-chair of Norton Rose Fulbright’s data protection, privacy and cybersecurity practice group, about what privacy would look like in a cashless society, and how the government might be the key to a more secure system. See also “How Companies Are Preparing for the Imminent Liability Shift for Counterfeit Credit Cards” (Jun. 3, 2015).

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