Multi-factor authentication (MFA) is becoming a mandatory security requirement for all businesses across all sectors. The most recent example is the new version of ...

The use of SMS OTP as a sole authentication factor for high-risk transactions will soon be phased out completely, although it will still remain an option. (PHOTO: Reuters) · REUTERS SINGAPORE — The ...

Despite the popularity of SMS-based OTP, it is not foolproof, as evidenced by the recorded cases of fraud UPI transactions. The proposed principle-based framework seeks to improve the security of ...

The Reserve Bank of India (RBI) is set to do away with the OTP (one time password) based authentication. As of now, the banking regulator has not issued any detailed guidelines. The plan has been ...

BENGALURU: To enhance the security of digital payments, the Reserve Bank of India (RBI) in its recent Monetary Policy Meeting (MPC) announced a principle-based framework for authentication of digital ...

RBI urges banks to explore alternatives to SMS-based OTPs for second-factor authentication due to susceptibility to fraud. Options include authenticator apps and tokens within mobile apps, but all ...

(1st UPDATE) UnionBank’s voice authentication technology could replace the need for OTPs for those calling the bank’s customer service line, a feature that could eventually roll out to the rest of its ...

In the digital world, first impressions are not made with a handshake or a smile. They are made with a six-digit code that ...

As part of the partnership, Truecaller’s phone number verification SDK will be integrated into the Restroworks ecosystem. The ...

WhatsApp has been using SMS-based OTPs for account registration since its existence. However, sending an authentication code over SMS can have security implications and stands the risk of failed ...