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Dark Reading
Retail banks in the nation-state will eliminate the use of one-time passwords (OTPs) by bank customers in an effort to thwart phishing.
Bleeping Computer
The Monetary Authority of Singapore (MAS) has announced a new requirement impacting all major retail banks in the country to phase out the use of one-time passwords (OTPs) within the next three months. [...]
The Register
Accessibility be damned, preventing phishing is the priority After around two decades of allowing one-time passwords (OTPs) delivered by text message to assist log ins to bank accounts in Singapore, the city-state will abandon the authentication technique.…
ZDNet Security
The move to phase out OTP authentication is part of efforts by Singapore financial institutions to safeguard against phishing.
Dark Reading
Threat actors can easily steal one-time passwords sent by text when they conduct a SIM swap attack. This can lead to account takeovers, so users must layer up their security measures.
The Hacker News
Cybersecurity researchers have disclosed details of an intrusion that involved the use of a CloudZ remote access tool (RAT) and a previous undocumented plugin dubbed Pheno with the aim of facilitating credential theft. "According to the functionalities of the CloudZ RAT and Pheno plugin, this was with the intention of stealing victims' credentials and potentially one-time passwords (OTPs),"
Bleeping Computer
The Netherlands Police have arrested a a 21-year-old man from Dordrecht, suspected of selling access to the JokerOTP phishing automation tool that can intercept one-time passwords (OTP) for hijacking accounts. [...]
The Hacker News
Cybersecurity researchers have documented four new phishing kits named BlackForce, GhostFrame, InboxPrime AI, and Spiderman that are capable of facilitating credential theft at scale. BlackForce, first detected in August 2025, is designed to steal credentials and perform Man-in-the-Browser (MitB) attacks to capture one-time passwords (OTPs) and bypass multi-factor authentication (MFA). The kit
The Register
Wanna know a secret? Whether you're logging into your bank, health insurance, or even your email, most services today do not live by passwords alone. Now commonplace, multifactor authentication (MFA) requires users to enter a second or third proof of identity. However, not all forms of MFA are created equal, and the one-time passwords orgs send to your phone have holes so big you could drive a truck through them.…
The Register
The group bragged they could steal one-time passwords from Apply Pay and 30+ sites A trio of men have pleaded guilty to running a multifactor authentication (MFA) bypass ring in the UK, which authorities estimate has raked in millions in less than two years. …