Singapore Banks Ditch One-Time Passwords
Retail banks in the nation-state will eliminate the use of one-time passwords (OTPs) by bank customers in an effort to thwart phishing.
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Singapore covers cybersecurity and information-security developments connected to Singapore, including incidents, policy, privacy, advisories, research, and news affecting organizations, public services, and digital systems in the area.
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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