OTP means a one-time password generator that you get during security matters to secure your credentials
Today we are going to talk about an important topic that confuses a lot of people that, OTP means and how it works? And how can you avoid deception (Fraud)? In today's day, every country is becoming digital. So many cheaters are also there.
You should know the correct information about OTP or else you can fall into someone's web. If we know that what is it then we can understand the importance of it, and by using OTP you can stay safe from Fraud people.
one time password (OTP)
A one-time password (OTP) is an automatically produced numeric or alphanumeric series of characters that confirms the client or user for a single transaction or login meeting.
It is more secure than a user-created password, which can be breakable or reusable on multiple accounts. In order to add another security level, OTPs may replace authentication login information or can be used in addition to it.
We all use passwords, whether it is your Gmail account or any other online application password, or even when you use an ATM card, you still use the password.
If you have a Smartphone, or if you do some kind of online transaction, then you must have heard this OTP name or used it somewhere.
In the online world, we also buy things online, recharge online, if you go somewhere, you can also book train tickets, flight tickets by paying online. There are many scammers or hackers who try to hack your payment process, OTP stops them to steal your money.
You must have seen that when we make online payments through the bank, then when we pay by putting payment information, we get an OTP message from the bank.
There is a code inside this message; it can be some number that we get from the bank, that number you have to enter while making payment, after that your payment becomes successful.
How to get a one-time password
When an unauthorized user attempts to access a system or make a transaction on a device, an authentication manager on a network server generates a number or shared secret using a one-time password algorithm.
You must have seen that when we make online payments through the bank, then when we pay by putting payment information, we get an OTP message from the bank. There is a code inside this message;
It can mean some number that we get from the bank, that number you have to enter while making payment, after that your payment becomes successful.
The most important thing is that only the OTP message will go to your mobile when you have already registered your mobile number in your bank. If you do not have your mobile number registered in your bank, then you will not have any OTP.
How a one-time password works
In OTP-based verification techniques, the client's OTP application and verification workers rely on shared privileged insights. Once password features have been created using a hashed message authentication code (HMAC) calculation and a dynamic variable, for example, time-related data (TOTP) or a chance counter (HOTP) ).
OTP dignitaries have one moment or another time stamp for more prominent security. The one-time secret key can be delivered to a client through a number of channels, including an SMS-based instant message, an e-mail, or an end-to-end application.
You must have seen that when we make online payments through the bank, then when we pay by putting payment information, we get an OTP message from the bank.
There is a code inside this message; it can mean some number that we get from the bank, that number you have to enter while making payment, after that your payment becomes successful.
The most important thing is that only the OTP message will go in your mobile when you have already registered your mobile number in your bank. If you do not have your mobile number registered in your bank, then you will not have any OTP.
benefits of one-time password (OTP)
The benefit of this OTP is that even if someone has come to know your bank account, your ATM Card number, and password that people will not be able to withdrawal the money that remains in your bank.
Whenever you will try to pay your information online, only then an OTP message will be sent to your phone by the bank. So this is a security that is to protect the balance in your bank account.
Although nowadays OTP is being used in all places, such as Facebook, WhatsApp, Gmail, if you want to create an account on this, then you also have to verify your mobile number through OTP, after that, you will be able to use this application.
The only thing you have to keep in mind is that the OTP that comes in your phone should not be shared with any of your friends or relatives or whoever it is. By doing this, the money that is in your bank can be lost. And you can be a victim of deception.
.jpg)
.jpg)