OTP Bots
Increased Adoption in Banking: Financial institutions are increasingly implementing OTP bots as part of their two-factor authentication processes to enhance security against fraud and unauthorized access.
Regulatory Scrutiny: There is ongoing discussion about the regulatory frameworks surrounding OTP technology, particularly regarding user privacy and data protection.
Technological Advancements: Innovations in OTP generation and delivery methods, including integration with biometric authentication, are being explored to further secure user accounts.
Call Spoofing
Rising Incidents: Reports indicate a surge in call spoofing incidents, with scammers using this technique to impersonate legitimate organizations, including government agencies and financial institutions.
Legislative Measures: Lawmakers are considering stricter regulations to combat call spoofing. The TRACED Act, which aims to reduce unwanted robocalls and improve caller ID verification, is being actively discussed.
Public Awareness Campaigns: Various organizations are launching campaigns to educate the public about recognizing and reporting spoofed calls to reduce the impact of these scams.
Teegram - @@Making_breads
Increased Adoption in Banking: Financial institutions are increasingly implementing OTP bots as part of their two-factor authentication processes to enhance security against fraud and unauthorized access.
Regulatory Scrutiny: There is ongoing discussion about the regulatory frameworks surrounding OTP technology, particularly regarding user privacy and data protection.
Technological Advancements: Innovations in OTP generation and delivery methods, including integration with biometric authentication, are being explored to further secure user accounts.
Call Spoofing
Rising Incidents: Reports indicate a surge in call spoofing incidents, with scammers using this technique to impersonate legitimate organizations, including government agencies and financial institutions.
Legislative Measures: Lawmakers are considering stricter regulations to combat call spoofing. The TRACED Act, which aims to reduce unwanted robocalls and improve caller ID verification, is being actively discussed.
Public Awareness Campaigns: Various organizations are launching campaigns to educate the public about recognizing and reporting spoofed calls to reduce the impact of these scams.
Teegram - @@Making_breads