![]() What is OTP and How Does it Work?Īn OTP is like a password but it can only be used once, thus it stands for one-time password. But first, let’s dig a little deeper into OTP. We’ll get into the differences of each below. There are two types of OTP: HOTP and TOTP. ![]() OTP authentication is an elegant solution to both security concerns and UX. That code is a type of OTP.īoth B2B and B2C companies have an incentive to protect their user and company data while maintaining a great user experience (UX), which means that whatever security solution they choose, it needs to be streamlined without drastically interfering with a user’s workflow. For example, an MFA that uses SMS will send the user a text with a numeric string that has to be entered before they are granted access. MFAs require additional credentials beyond a simple password before the end user can gain access to an application or system. OTP is a form of multi-factor authentication (MFA) designed to make it much harder for hackers to access protected information. ![]() One of the ways technology companies have counteracted password theft and other types of cyberattacks is through the use of one-time passwords (OTPs). Empowering users with simple but reliable security is critical to protecting user information and sensitive company data. Providing secure access to applications and cloud-based software is a constant challenge for companies across all industries. ![]()
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