PSD2: Is this the End of SMS-based Authentication?

SMS Authentication

Banks and payment service providers sometimes rely on SMS to verify the identity of a person who wishes to make a wire transfer or confirm a payment. They send an SMS message with a one-time password (OTP) to the person’s mobile phone, and the user has to enter this OTP into the application of the bank or payment service provider. In this blog post I discuss whether SMS-based authentication will… Read more

The post PSD2: Is this the End of SMS-based Authentication? appeared first on VASCO Data Security – Blog.

*** This is a Security Bloggers Network syndicated blog from VASCO Data Security – Blog authored by Frederik Mennes. Read the original post at: https://blog.vasco.com/application-security/psd2/