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 ...

The Reserve Bank of India (RBI) on Thursday said that it will float a new way to verify digital payments other than One Time Passwords (OTP). The central bank over the years has given priority to the ...

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 ...

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 ...

As transactions have grown increasingly digital, service providers rarely (if ever) come face-to-face with their customers. This means that without reliable means of authentication, they have no way ...

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

A new breed of malicious bots are capable of stealing the one-time passwords (OTPs) from online two-factor authentication systems by calling their victims directly. These fully-configurable ...