One-Time Password (OTP) Solutions: What You Need to Know
In almost 31% of breaches in the past decade, and 60% in just the past year, exposed credentials have played a role. Despite the effort of many organizations to enforce strict password policies—such as chinese malaysia phone number list the monthly rotation of 24-character passwords—huge breaches continue happening.
Cyber attacks use credential stuffing, brute force, or abuse by enumeration to exploit weak security points. But there also remains the element of human error. The average person now has 100 passwords, up 25% from 2020. As a result, users typically fall back on poor password practices to make life easier.
Instead of setting up users to fail, companies can help boost account security using one-time passwords. A one-time password (OTP) is one of the more mature options within static-passwordless methods.
In this blog post, we’ll dive into what OTPs are, their benefits, how they work, what to know about PAM, and how to implement them in your business.
