DBS, OCBC, and UOB in Singapore are slated to retire the use of one-time passwords (OTPs) for customers who have digital tokens, in a move that aims to combat phishing scams. To be phased out within ...

To guard against phishing-based ransomware attacks, the state is outfitting 161 of its jurisdictions and other public-sector organizations with hardware-based protection. And it's not alone.

"The digital token will authenticate customers' login without the need for an OTP that scammers can steal, or trick customers into disclosing," explains MAS. Those who have not activated their digital ...

Whether you're logging into your bank, health insurance, or even your email, most services today do not live by passwords alone. Now commonplace, multifactor authentication (MFA) requires users to ...

Singapore has set in motion an aggressive plan to retire one-time passwords (OTPs) for its retail banking customers within the next three months. The Monetary Authority of Singapore (MAS) and the ...