BDO has sent out an urgent email alert to all customers that starting January 30, 2022, it will no longer allow the use of OTP Generator for Desktop and Mobile App. Instead, only the One-Time Password via SMS will be accepted when logging into the online bank accounts.
BDO is requesting customers to update their mobile phone numbers registered with the bank so the OTP will be properly sent during the login process. The OTP Generator in the app will still be there but BDO says to disregard it.
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This recent and drastic move by BDO to disable the OTP Generator could be directly attributed to the recent hacking incident with BDO online customers.
Just last week, 5 suspects were arrested by the NBI regarding this incident. It is possible that the suspects identified the flaw in BDO’s security system and pointed to the OTP Generator as the weak point, prompting BDO to issue this statement.
The post BDO to shut down OTP Generator, will only accept SMS appeared first on YugaTech | Philippines Tech News & Reviews.
Source: Yugatech
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