Earlier this week, BDO implemented a two-factor authentication with their online banking service. Aside from the personal password, BDO is also sending a one-time password (OTP) which customers use to be able to login to the online banking service.
This implementation is very similar to what GMail is offering with their 2-step verification process.
BDO has only introduced it this week and all customers have the option to enable this in their account profile. This means that aside from your usual personal password, another password is sent to you within minutes of the initial login.
The password automatically expires after 10 minutes so you will need to re-authenticate after that period. This security measure prevents incidents of password hacking or phishing and provides another layer or protection so we welcome this step from BDO.
The post BDO Online implements One-Time Password via SMS appeared first on YugaTech | Philippines, Tech News & Reviews.