Security News > 2024 > July > Banks in Singapore to phase out one-time passwords in 3 months
![Banks in Singapore to phase out one-time passwords in 3 months](/static/build/img/news/banks-in-singapore-to-phase-out-one-time-passwords-in-3-months-medium.jpg)
2024-07-14 14:18
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. [...]