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Bank Info Security 1 year, 1 month ago

UAE Central Bank Tells FIs to Drop SMS, OTP Authentication

Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.

More from Bank Info Security 5 Jun 2025, 11:00 a.m. Authentication Banking Compliance Email Finance Fraud SMS United Arab Emirates