The term “Password” must be familiar to all our readers. Certainly! It protects accounts from being stolen. What about OTP (One-Time Password)? What differs Password and OTP, which one is safer?
Password in the digital landscape is a unique compound of letters that permits its notable users to connect to any kind of computer and application system. A strong password consists of 8-15 combination characters of A-Z, numeric and even symbols. The initial purpose is giving out a credential and independency to its holder, whether to lock or unlock any information, anytime. As we all may notice, we often use passwords to lock and unlock our door locks, safety deposit boxes, and many more. As for adoption, in this digital landscape passwords are used to secure users’ digital accounts. Hence, the words “Safety”,” Unique” and “Unencrypted” are entities that stick in every users’ minds.
Password security gets a noticeable remark from both digital asset providers and users. Cyber threads become malicious. The presence of Brute Force Attack hacking users’ passwords has raised a red flag to every digital asset provider and industry such as banking, database, cloud, and even mobile application developers. Based on IBM Security X-Force Research, Brute Force attackers will try a litany of common usernames and passwords, well-known default credentials, and passwords derived from a dictionary to collect passwords. The target could be a local console, an encrypted file or a service across a network, such as a social media account. Users as the valuable assets of the technology industry would be exposed and disadvantaged from the attack. Users’ data need to be protected. And one of the ways to address this issue is by providing an additional security layer to the digital accounts.
The digital ecosystem and technology have pushed the whole system to evolve. Technology is used to help us do things better, faster and more secure. OTP adds value in security and helps to prevent security’s vulnerability from being attacked. Digital technology producers and users need to make sure the accounts they are using or producing are safe enough and have additional security layers to protect users’ valuable database and information.