One-Time Password: Technology is progressing today. Technology-based transactions and other data-related tasks have gone completely online.
There are advantages and disadvantages to having work processes and transactions online. There are also thousands of dangers in the internet world.
A system called One-Time Password, or OTP, has been adopted to protect against these threats on the Internet.
The one-time password prevents unauthorized people from logging in and transacting money on Internet banking, e-commerce websites, email, Gmail, WordPress websites, etc.
What is a one-time password OTP?
Friends, in simple words, this is a very good and reliable security service provided to us by banks and all websites.
As I told you above, nothing in the digital world is safe in online mode. Everyone wants to break your security.
Keeping this in mind, Time Password security has been adopted. In this system, a code is sent to the mobile number to identify the correct person.
This code sent to mobile is called OTP.
When is the one-time password sent?
Your OTP Number Case Gene: We are then sent a one-time password when we use Internet banking or transfer money from our debit or credit card to someone.
In such a situation, the bank sends a few-digit code to your registered mobile number. After seeing this, you have to fill out the options already available on the transaction site.
You cannot complete your transaction without entering this code. The bank identifies the person conducting the transaction with this code. Is he right or not?
In addition, Facebook, Twitter, and Google also adopted the method of sending OTPs for fear of disrupting their services.
Advantages of OTP
- OTP system protects us from online fraud.
- Also, all our net banking and bank account details and transactions are entirely secure.
- Our Google account, Facebook account, and our websites are protected by OTP.
- Once used, a one-time password is completely useless; no other person can use it again.
- OTP is sent only to a registered mobile number or email ID provided by you so that it doesn’t accidentally go to someone else.
Is the OTP system completely secure?
By the way, this system is considered safe, but it is not entirely secure. If you share your OTP code with another person, he can misuse it.
Also, if you use a smartphone and have downloaded any dangerous app on your phone, cunning hackers can hack your smartphone through their app. This type of app can read every SMS that comes to your mobile.
Phone hacking allows hackers to read and see every single smartphone activity. In such a situation, smartphone users need to be careful.
Who uses OTP?
OTP is used for Net Banking, Debit Credit Cards by Banks, Internet Banking Services, Flipkart, Amazon, Digital Wallets, payment banks, and the World’s Largest Online Service Provider Websites.
And force your customers to follow this service as well.
What is the role of OTP in 2-step verification?
What is OTP authentication: Nowadays, all major websites ask users to adopt a two-step verification process.
In this process, online service users are asked to register their mobile numbers.
Once the mobile number is registered, whenever the service provider feels something is wrong. So she sends a code to your mobile before logging in.
Only after entering this one-time password correctly will you be able to log in to your account.
Is the OTP system completely secure?
By the way, this system is considered safe, but it is not entirely secure. If you share your OTP code with another person, he can misuse it.
Also, if you use a smartphone and have downloaded any dangerous app on your phone, cunning hackers can hack your smartphone through their app. This type of app can read every SMS that comes to your mobile.
Phone hacking allows hackers to read and see every single smartphone activity. In such a situation, smartphone users need to be careful.
How long is OTP valid?
A one-time password is usually in effect for a maximum of 5 minutes. It becomes worthless with time, and after being useless, it is useless to use.
