Can we be traced with our electronic payments? An expert answers


Geert Baudewijns is the Managing Director of SECUTEC, a provider of security systems. He is also one of Belgium’s foremost experts in online security.

Invited on the set of “It’s not every day on Sunday”, he was asked regarding bank security. With the declining use of cash, “virtual” money is becoming more and more important, which raises fears among some citizens. Can our data be hacked and is our money at risk of suddenly disappearing? To these two questions, the expert gives a categorical answer.

Can we be traced?

For the moment, I do not see any problem at this level.“, he reassures. “We have, in Belgium and in Europe, some of the best protected banks in the world. Being afraid of being traced, I say that idea goes very far.

Banks victims of cyber attack?

Could our bank account be hacked and all our money stolen? A scenario that is not realistic “for the moment“, assure encore Geert Baudewijs. “As I have just said, Belgian and European banks are the best protected. They are so well protected that it is impossible.”

“I can’t imagine that happening” he concludes.



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