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Retail banks in the nation-state will eliminate the use of one-time passwords (OTPs) by bank customers in an effort to thwart phishing.
Retail banking institutions in Singapore have three months to phase out the use of one-time passwords (OTPs) for authentication purposes when signing into online accounts to mitigate the risk of phishing attacks
Attackers use scam security checks to steal victims' government documents, photos, banking information, and email passwords, researchers warn.