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Denmark reports zero bank robberies for first time. Here’s why | World News

Denmark stories zero financial institution robberies for first time. Right here’s why | World Information

For the primary time, Denmark didn’t report a single financial institution theft in 2022 as it’s transferring in direction of a cashless financial system. A shift in direction of on-line transactions, single fee techniques, elevated digital camera surveillance, improved alarm techniques and cooperation with the police led to a major decline within the variety of robberies, money shares and transactions.

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In response to the central financial institution information, money transactions and withdrawals have dropped to round three-quarters during the last six years within the Nordic nation as extra Danish persons are opting to make use of playing cards and telephones for funds.

The Danish financial institution workers’ union celebrated the achievement that 2022 had been robbery-free.

Steen Lund Olsen, spokesman for Finansforbundet, Denmark’s Finance Federation, recommended the achievement as “simply wonderful”, Instances journal quoted him as saying.

He stated, “Financial institution robberies put a fully excessive pressure on the affected workers each time they occurred.”

“It’s one thing you’ll be able to’t even start to know the emotional affect of when you haven’t skilled it your self,” he added.

Denmark reported one case of financial institution theft in 2022, down from 222 in 2002, as per the figures launched by Finance Denmark, the banking sector’s affiliation.

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Fraudsters lately have turned over to on-line mode to defraud individuals.

Round 20 branches throughout Denmark have money shares. Furthermore, the variety of financial institution branches has fallen from 219 in 1991 to 56 in 2021, in accordance with the report by Instances journal.

With extra nations shifting towards on-line transactions, they’re additionally reporting a decline in financial institution robberies, with US banks recording 1,724 robberies in 2021, falling from 7,556 in 2004, the report added.