#sms otp

BDO Securities (formerly BDO Nomura) has sent out an urgent email alert to all customers that starting January 30, 2022, it will no longer allow the use of OTP Generator for Desktop and Mobile App. Instead, only the One-Time Password via SMS will be accepted when logging into the online accounts (BDO Securities account). BDO is requesting customers to update their mobile phone numbers registered with the bank so the OTP will be properly sent during the login process. The OTP Generator in the app will still be there but BDO says to disregard it. This recent move by BDO to disable the OTP Generator could be attributed to the recent hacking incident with BDO online customers. It is possible that the suspects identified the flaw in BDO's security system and pointed to the OTP Generator as the weak point, prompting BDO to issue this statement. DITO Telecommunity has launched Silent Network Authentication, a technology that allows digital platforms to verify users directly through the mobile network without relying on SMS one-time passwords (OTPs). The authentication method verifies a user’s identity through the telecom network itself, reducing dependence on traditional SMS-based verification that has become vulnerable to SIM-swap attacks and message interception. Read more in our articles including "BDO Securities to shut down OTP Generator, will only accept SMS" and "DITO rolls out silent network authentication, replacing SMS OTP verification".