Watch out for one-time passwords – phishing and SIM swapping risks

TLDR:

– One-time passwords are raising concerns over phishing attacks and SIM swapping.

– Cyber security experts recommend using authenticator apps or setting up two-factor authentication for better security.

Article Summary:

In the article “One-time passwords raising concerns over phishing attacks, SIM swapping,” cyber security professionals discuss the vulnerabilities of one-time passwords sent via text messages. While some experts advocate for moving away from one-time passwords completely, others emphasize the importance of how individuals protect themselves.

Amanda Fennell, a cyber security expert, highlights the vulnerability of one-time passwords during the initial exchange of the text message. She suggests that even though the industry is moving towards a passwordless society, one-time passwords are still necessary for now.

Rajiv Garg, a professor of information systems, recommends using authenticator apps or setting up two-factor authentication for enhanced security. Authenticator apps provide a more secure way of generating one-time passwords compared to SMS.