Two Factor Authentication

Most of us regularly use our credit or debit cards for online transactions and nearly everyone has some sort of social networking account in their name with private details kept in it. In this day and age, where all resources and services are accessible within a few clicks, it is obvious to purchase anything online or transact money. Users are now becoming more responsive about making powerful and complicated passwords for making their personal data safe. That definitely is one step ahead, but it is not sufficient. The one security solution increasingly being implemented by financial institutions, banks, IT companies and topmost social networks is two-factor authentication or 2FA . One Time Password Through Bulk SMS Two-factor authentication depends on something that user understands, i.e., login ID and password and something they physically have like mobile, USBs, or some other devices. Once you implement two-factor authentication processes, you have to enter one time pa...

One Time Password or OTP is an added two-factor authentication for financial and sensitive transactions performed online. OTP is a four to six-digit arithmetical code delivered in real-time as SMS to any user’s registered mobile or cell phone number when performing the transaction. As far as signing into websites and computer systems is concerned, it generally involves entering a throwaway password, which is applicable only once and gets changed every time you log-in. Typically, a one-time password is a sequence of worthless numbers or characters or it might be a half dozen or so small, unsystematic words. How would you know your OTP if it keeps varying? It is not something you are anticipated to keep in mind: it is produced automatically and delivered to you by some process other than online transmission. It might be delivered to your cellphone (mobile phone) as Bulk SMS ; it could be produced by an app running on your mobile phone or by a fanatical, handheld electr...

In today's world of growing digital crime and the Internet scam most people are familiar with the significance of online security, usernames, logins, and passwords, but if you ask them the question "What is two-factor authentication?" the probability is that they will not understand what it is or how it works, even though they may use it in every single day. With standard security methods (particularly online) only requiring a username and password it has become very easy for criminals to gain access to a user's private information like individual and financial information and then use that information to hand over fraudulent acts, usually of a financial nature. Two-Factor Authentication Two-factor authentication , also known as 2FA is an additional layer of safety that is known as "multi factor authentication" that needs not only a password and username, but also something that user has on them, i.e., a portion of information only they should be ac...

With the introduction of new techniques of verifying a user like fingerprint scanning, face recognition, retinal scans, and puzzle solving; daily static passwords are being less protected and unwieldy for users to keep in mind. When the Internet first began, it was exhilarating to have a powerful and hard to detect password for your emails, but now these similar types of passwords can be simply detected and hacked into. Increasing number of people are using online banking, making financial transactions, buying things online on their Smartphone, and keeping sensitive information on the Internet. Regular passwords are not very secure to defend users against malware and hacker attacks. So, One Time Password is the best method to defend users from fraud and malware attacks, particularly if combined with an out of band verification method. One Time Password Services Banking and financial organizations use OTPs to secure their user logins using an out of band veri...