look news india
With the increase in the trend of digital transactions in the country, cases of online fraud against people have also increased. One small mistake can empty your bank account. The Reserve Bank of India is soon preparing to take a big step to protect people from cyber crime.
The Central Bank has now decided to change this system. People are facing maximum online fraud through OTP. Cyber fraudsters cheat people by taking OTP. In view of this, the Reserve Bank of India is preparing to end the problem of OTP.
According to reports, RBI is preparing to replace the OTP system with a new security system. Under this, the OTP system will be replaced for all digital payments. By making changes in the OTP verification system, RBI is now preparing to allow the authentication app or your phone's security system for payment verification.