SMS
Banks move away from SMS OTPs in favour of app-based authentication methods
BANKS are pushing customers away from the less secure authentication method of SMS One-Time Passwords (OTPs), and promoting app-based methods instead.
Amex apologises for SMSes to cardholders about temporary card suspensions
CARD issuer American Express apologised on Thursday (Apr 27) for SMSes sent out to cardholders about the temporary suspension of their credit cards.
COMMENTARY
One-time passwords marked ‘Likely-SCAM’ could breed complacency
THE recent rollout of an SMS scam prevention initiative has hit some snags, with legitimate messages being marked as likely scams.
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