ACADEMIC WRITING FOR FOUNDATION STUDIES

(ELC093)

PI007K13

PREPARED BY:

NUR AFIQAH BINTI ZAINI SHAM (2022623872)

NURAIN SYAFAWATY (2022609516)

PREPARED FOR:

MADAM WAN SYARIZA BINTI WAN YADRI

ACADEMIC WRITING (OUTLINE)

CASHLESS SOCIETY INCREASES CYBERCRIME

 Title: Cashless Society Increases Cybercrime

I INTRODUCTION
People tend to rely on this technology without realising that a cashless society could
increases the cybercrimes in the world which affect our lives safety because of potential
data breaches, more opportunities for the criminals and the struggle with cyber security
flaws.

II BODY
A. Cashless society could increases cybercrime because of the potential data
breaches.
1. This is because the consumer may expose their personal information.
(Graham, 2021)
a. Many people risk losing their personal identity while attempting to
conduct digital transactions on the lurker-filled internet forum. (Prasanna,
2022)
2. Many people are concerned that governments, businesses or both might track,
monitor, or even intimidate us using information about our purchases.
a. Personal information including names, bank account numbers and
National Insurance numbers as well as business accounts, client
databases and intellectual property are examples of valuable data types
that can be tracked by them. (Legal Guidance, 2019)

B. Cashless society increases cybercrime as it gives more opportunities to the criminals.

1. Hackers have many access points within customers' homes to exploit.
(Muzaffar, 2019)
a. The majority of frauds fall under one of four categories which are
e-financial fraud, 419 love scam and African scam, or telephone fraud
including the Macau scam. (Muzaffar, 2019)
2. Criminals become more daring when our enforcement officers do not curb these
cases early to be tackled effectively.
a. 8,313 incidents of cybercrime involving the theft of about RM300 million
from victims were reported to the police between January and October 3
of last year and 10,203 incidents of this type were reported in 2017,
resulting in losses of around RM184.2 million. (Muzaffar, 2019)

C. Cashless society increases cybercrime as online banking system is still struggle with
hcyber security flaws
1. Banks let their consumers down with poor authentication.
a. Poor authentication expose consumers to SIM swapping attacks because
hacker can intercept if they manipulate the victim’s network operator into
changing their mobile phone number to a SIM under the attacker’s control
(Muncaster,2022)
 b. In any mobile phone, poor authentication usually becomes the main
cause of information theft and illegal access to sensitive data. (Basatwar,
2022)
2. Banks did not guide their customers to understand their security system.
a. Educate consumers to shift from using basic security protection into
features such as multi-factor authentication, SMS or email alerts and
monitoring. (Reza,2022)

III CONCLUSION

All in all, it is clear that a cashless society could increases cybercrime because of the potential
data breaches, more opportunities for the criminals and the struggle with cyber security flaws .
REFERENCES

A. Basawatra. (2022) Insecure authentication - Everything you need to know

https://www.appsealing.com/insecure-authentication/#:~:text=Simply%20put%2C%20Ins
ecure%20Authentication%20arises,Mobile%20applications'%20useability%20requireme
nts

B. Cybercrime - prosecution guidance. Cybercrime - prosecution guidance | The Crown

Prosecution Service. (n.d.).
https://www.cps.gov.uk/legal-guidance/cybercrime-prosecution-guidance
C. Graham,2021. Cybercrime Thrives in a Cashless Economy, The Daily Hodl.
https://dailyhodl.com/2021/07/02/cybercrime-thrives-in-a-cashless-economy/

D. Muzaffar, 2019. Cybercrimes: Security and Cashless Society, New Straits Time,
https://www.nst.com.my/opinion/letters/2019/02/457888/cybercrimes-security-and-cashle
ss-society
E. Phil, M (2022). Report Identifies Weaknesses in Online Banking Security. Info Security,
https://www.infosecurity-magazine.com/news/report-identifies-weak-online/

F. Reza, Z (2022). The State of Security in Digital Banking. Security infowatch.com,

https://www.securityinfowatch.com/cybersecurity/information-security/article/21279033/th
e-state-of-security-in-digital-banking
G. Prasanna. (2022, January 16). Advantages and disadvantages of Cashless Economy:
Pros and cons of a cashless economy society. A Plus Topper.
https://www.aplustopper.com/advantages-and-disadvantages-of-cashless-economy/#Dis
advantages_of_Cashless_Economy

H. Should-we-become-a-cashless-society. Walden University. (n.d.)

https://www.waldenu.edu/online-doctoral-programs/phd-in-public-policy-and-administrati
on/resource/should-we-become-a-cashless-society