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13 December 2019

Why it's time for banks to ditch OTPs for good

Most experts in the cybersecurity industry can’t understand why banks are still using SMS OTPs to fight financial fraud. They have been rendered ineffective, inconvenient for users, and are susceptible to SIM swap or number-porting attacks, fake caller IDs, and call forwarding scams operated by dishonest customer service representatives at mobile carriers.


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Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.