Business And Markets

OTPs End Phishing Scams

OTPs End Phishing Scams  OTPs End Phishing Scams

Central Bank of Iran says use of one-time-password (OTP) has resulted in a significant drop in phishing and exposure of sensitive information about bank accounts.
Phishing cases in the last month of the previous fiscal year (Feb-March, 2020) were 85-90% less than the average number in the first quarter of the year, the CBI reported on its website.
Phishing is a type of social engineering attack often used to steal user data, including login credentials and credit card numbers. It occurs when an attacker, masquerading as a trusted entity, dupes a victim into opening an email, instant message or text message.


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