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BUSINESS

PSD2: What European bank customers need to know

Sven Krumrey
14 Comments

Have you heard of PSD2? No? No biggie, many companies seem to be feeling the same way! That's surprising since PSD2 stands for the European Commission's latest payment services directive and will govern all credit and debit card related payment transactions above €30. Third-party payment providers like PayPal are also affected. PSD2 will come into full effect on September 14, 2019 and will usher in a new era of credit card payments. After that, the information usually given on the back of the card (owner, credit card number and security code) will no longer suffice to authorize transactions, making successful credit card theft considerably harder. But, although only a few days away, both credit card companies and banks are currently struggling hard to implement the directive.

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BUSINESS

The end of video rental stores

Sven Krumrey
17 Comments

What was your summer like? Mine was as changeable as the weather! First, I gained some wonderful memories during my vacation in Ireland (What an island!). Then, I lost a gall bladder in the hospital. That was less wonderful. And when you waste away on a sofa, slightly battered and at loose ends, you start to read even more. Thus, a headline caught my eye that I would have likely missed under normal circumstances: My old video rental store, to which I was once a loyal and regular customer, was about to close forever—the last of its kind in my area. Time for a swansong to a dear old friend!

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BUSINESS

Motherboard spy chips: truth, hoax or conspiracy?

Sven Krumrey
27 Comments
Recently, the IT landscape was shuck at its core when Bloomberg Businessweek reported that mainboards from market leader Supermicro came with tiny spy chips no bigger than the size of a grain of rice. If this turned out to be true, most data centers would be at risk of data theft or computer sabotage. The main potential victims were said to be US cloud service providers with their gigantic databases. And while fierce debate rages on, there's also a political side. So who's deceiving whom? more
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BUSINESS

Away with your conscience: Project Dragonfly

Sven Krumrey
14 Comments
2010 was a special year: Google voluntarily gave up money. After Chinese censorship authorities had tightened the thumbscrews, the US company faced the consequences and withdrew from the Chinese market, leaving the field to their competitors. This also meant services like Gmail, Google Drive or Playstore were no longer welcome in the Middle Kingdom. This move earned Google a lot of respect, further underpinning their "Don't be evil" mentality and their quest for freedom of information. Eight years later, both their noble mindset and scruples have seemingly gone up in smoke. Enter Dragonfly more
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BUSINESS

What is VPN? A short introduction plus test

Sven Krumrey
43 Comments
The term "VPN" frequently shows up on the Internet. This technology is old hat for some and a mystery to others. Read on to learn what VPN means and what it looks like in practice. more
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