Lessons Learned: Bank of Bangladesh hack of $1bn

On February 4, 2016, perpetrators attempted to steal nearly $1 billion from the Bangladesh central bank's account with the Federal Reserve Bank of New York. The perpetrators managed to compromise Bangladesh Bank's system, observe how transfers are done, and gain access to the bank's credentials for payment transfers, which they used to send about three …

Passwordless payment

Thanks to PSD2, payments can now be initiated by merchants and be confirmed by customers using an app. But how does this actually work and how can this be secure? This post describes how passwordless payment works in practice and elaborates on the mechanisms and standards behind such a solution. The protocol is referred to …