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Q:

Internet banking today uses ______ which, apart from using a secure website, sends a credential sent to the customer's registered mobile number as an additional security factor to make the transaction more secure.

  • 1
    Open Transaction Password
  • 2
    Open time password
  • 3
    One-Time Password
  • 4
    PDF
  • Show Answer
  • Workspace

Answer : 3. "One-Time Password"
Explanation :

1. The full form of OTP is One one-time password.

2. OTP is used as one of the additional security features for secure online transactions.

3. The OTP feature prevents certain types of identity theft by ensuring that a captured username/password pair cannot be used a second time.

4. The user's login name usually remains the same, and the one-time password changes with each login.

5. One-Time Password (aka One-Time Passcode) is a form of strong authentication, providing better security to eBanking, corporate networks, and other sensitive data systems.

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