---
title: Why Banks Can’t Rely on One-Time Passwords Anymore
description: "Banks are confronting a difficult reality: the one-time password, once treated as a reliable safeguard, is no longer sufficient to protect accounts in an environment shaped by automation and deception."
---

[Resources | Entersekt ](https://www.entersekt.com/resources)

# [Why Banks Can’t Rely on One-Time Passwords Anymore](https://www.entersekt.com/resources/why-banks-cant-rely-on-one-time-passwords-anymore)

 Written by [Cara Visser](https://www.entersekt.com/resources/author/cara-visser) | Apr 22, 2026 11:15:00 AM

Banks are confronting a difficult reality: the one-time password, once treated as a reliable safeguard, is no longer sufficient to protect accounts in an environment shaped by automation and deception.

Schalk Nolte, CEO of Entersekt, made clear that the industry has long understood the limitations. “This is not new,” he said, noting that warnings about one-time passwords (OTPs) date back more than a decade.

[Read more](https://www.pymnts.com/authentication/2026/why-banks-cant-rely-on-one-time-passwords-anymore/)

[View full post](https://www.entersekt.com/resources/why-banks-cant-rely-on-one-time-passwords-anymore)

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