InfoSec News Nuggets 7/15/2024
Banks in Singapore to phase out one-time passwords in 3 months 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. This initiative was agreed upon between the government and the Association of Banks in Singapore (ABS) to protect consumers against phishing and other scams. "The use of OTP was introduced in…