Alternatives to SMS-Based OTPs for Authentication | India Business News – Times of India
[ad_1] MUMBAI: RBI has asked regulated entities like banks to look at alternatives to SMS-based one-time passwords for second-factor authentication. While there are alternatives, a mobile phone is central to all of them. Bankers say that OTPs are susceptible to ‘social engineering’ frauds where one manages to get the customer to divulge the password or…
