Banks in Singapore to phase out one-time passwords in 3 months
July 14, 2024 at 11:37AM The Monetary Authority of Singapore (MAS) has mandated major retail banks to phase out the use of one-time passwords (OTPs) within three months, in response to increasing phishing and scam threats. Instead, customers will use digital tokens on their mobile devices for enhanced security. Those who haven’t activated digital tokens … Read more