How to Secure Your Digital Bank OTPs

In an era where our finances are often just a click away, safeguarding our digital bank’s One-Time Passwords/ PINs (OTPs) becomes paramount. These ephemeral codes act as digital fortresses, protecting your wealth from potential threats. They’re time-bound, lasting only a few minutes per session, and typically arrive via SMS or email.

Here’s how you can ensure their security:

Rotate Your Digital Bank Passwords Regularly

Think of your passwords as the locks to your financial vaults. To prevent unauthorized access, regularly change them, ideally every 30 days. Ensure your passwords are random and not easily guessable like your birthday or when you got married. This practice will be a formidable barrier against those with bad intentions, should they get access to your phone.

Use 2FA on Other Services

Two-Factor Authentication (2FA) adds an extra layer of security to your accounts. Enabling 2FA on your email, in particular, can significantly bolster the protection of your financial assets. People with malicious intentions will face an extra step in security when trying to access your account, as they must pass through the 2FA gate.

Utilize Biometric Security on Your Phone’s SMS App

There may come a time when you need to lend your phone to others, in emergencies, for example. If your SMS app is secured with biometrics, such as fingerprint or facial recognition, it ensures that no one can access your OTPs even if they have temporary access to your device, adding an extra shield to your financial security.

With everything now being highly digital and accessible through one device, your financial well-being hinges on the strength of how you secure your phone and all information that ties up to your finances, which includes OTPs. By following these simple measures, you can fortify your financial defenses and ensure your finances remain safe from prying eyes and potential threats. (GFB)