Less cash, less heists: Here's how Denmark experienced zero bank robberies in 2022

last year brought a significant feat for Denmark, with bank robberies falling to a surprising zero as Scandinavian nation continues to rely less on cash, and almost fully on digital banking. According to CNN, bank heists in Denmark came to a zero in 2022, after experiencing a declining trajectory since 2000, year when 221 bank robberies occurred.

In 2021, nation reported merely one bank robbery, as per data obtained from business association Finance Denmark. complete erication of bank heists can be attributed to improved security systems, CCTV surveillance, and strong cooperation with law enforcement, according to Finance Denmark digitalization director Michael Busk-Jepsen.

Ar reason is low number of cashiers in Denmark, where only about 20 out of 800 bank branches still handle deposits and withdrawals. For most part, Danes rely on use of cards and digital payment services, thus causing less amount of cash in circulation.

"And reduction in number of cashiers in Denmark is largely due to fact that most payments in Denmark are me by payment cards or or digital payment options," Busk-Jepsen said. However, a drop in robberies comes with a rise in cyber frauds and scams that target people by extracting ir banking details.

Denmark ranks second in World Happiness Report

“In olden days, robbers went to banks, w y go to customers inste,” Busk-Jepsen said of prevalence of online banking fraud in Denmark. neless, with feat, Denmark ds yet ar fear to its cap, having been consistently ranked among happiest countries in world.

In 2022, Denmark, which has a populace of about 5.9 million, ranked second in World Happiness Report. report, which was topped by Finland, assessed through parameters like GDP per capita, social support, healthy life expectancy, and low corruption.