Singapore Banks to Phase Out OTPs for Online Logins Within 3 Months
July 15, 2024 at 04:27AM In Singapore, retail banks must eliminate one-time passwords (OTPs) for online authentication within three months to combat phishing. The Monetary Authority of Singapore and The Association of Banks in Singapore made the decision. With a rise in scams, customers are urged to activate digital tokens to protect against unauthorized account … Read more