Banks in Singapore are phasing out one-time-passwords (OTP) for account logins
to combat phishing scams.
to combat phishing scams.
As we note in our short guide “Why Use an Authenticator App Instead of SMS?
[https://www.bitdefender.com/blog/hotforsecurity/why-use-an-authenticator-app-instead-of-sms/]
”, two-factor authentication has become imperative, as criminals have learned to
compromise almost any password. While SMS-based 2FA is better than no 2FA at
all, authenticator apps provide stronger safeguards against threa