Engineering
What is OTP+?
Vijay Kakadia
•
Jul 22, 2024
•
5
min read
Share
In today's digital world, security is a significant concern for businesses and users. The increasing threat of cyber-attacks, phishing, and fraud makes having a robust authentication system crucial. Traditional One-Time Passwords (OTPs) have been widely used, but they come with their own set of problems. Let's explore how OTP+ addresses these issues and provides a superior solution.
What problems did OTPs have in the past?
Lack of Control
Many businesses need help managing and controlling the authentication process effectively. Failure to do so can lead to security loopholes and inefficiencies.
Phishing Attack Risk
Phishing attacks are a significant threat, leading to account takeovers and data breaches. Traditional OTPs are vulnerable to these attacks, making it easier for attackers to steal user credentials.
Increase Cost
The cost associated with sending OTPs via SMS can be substantial. International Revenue Share Fraud (IRSF) further increases these costs, making it expensive for businesses to maintain a secure authentication system.
No Fraud Detection
Traditional OTP systems lack advanced fraud detection mechanisms, making identifying and preventing fraudulent activities challenging.
What solutions does OTP+ provide?
Phishing-Resistant by Design
OTP+ is designed to be immune to phishing attacks, eliminating the primary cause of account takeovers. This makes it a secure alternative to traditional OTPs.
Reduce OTP Costs by 20-50%
With OTP+, you can significantly reduce SMS authentication costs and eliminate IRSF (International Revenue Share Fraud) costs. This passwordless solution not only pays for itself but also provides substantial savings.
Lets use Twilio "verify" service for the reference. It costs. 0.05/verification Which is very expensive. At the bottomline, OTP+ is cheaper, better, faster Twilio 'verify' alternative.
Eliminate Fake Account Risks with Social Login Alternative
OTP+ offers a privacy-first alternative to social logins, protecting user data and avoiding the risks associated with third-party authentication.
Advanced Threat Detection
Our AI-powered threat intelligence will give you deep insights into attack patterns and proactively stop fraud. OTP+ provides advanced threat detection capabilities to enhance your security.
Smoothen Customer Journey
OTP+ ensures a smooth and frictionless customer journey, improving user engagement and satisfaction.
How OTP+ Works?
OTP+ provides a seamless passwordless authentication experience. Here's how you can get started.
Step 1: Register to Get the Access Key
Sign up and obtain your access key.
Step 2: Choose Your Integration
Select the integration method that suits your application.
Step 3: Configure the Key & Go Live!
Set up the access key in your system and start using OTP+.
OTP+ Features
Built-in Advanced Threat Detection
OTP+ has built-in advanced threat detection, offering deep visibility into attack patterns to strengthen your security proactively.
Risk Score-Based Account Security
Enhance your app experience with frictionless, one-click sign-ins. This boosts user engagement and eliminates the frustration of forgotten passwords.
Frictionless Onboarding and Login Flow
Create a smooth onboarding and login flow within your app, boosting user engagement and retention.
Account Recovery
OTP+ offers robust account recovery options for lost phones, new numbers, new phones, and blocking, ensuring users can always access their accounts.
FAQs
What is OTP?
OTP stands for One-Time Password, a unique password valid for only one login session or transaction.
Is it Free?
While OTP+ offers significant cost savings, it may not be entirely free. It's best to check the pricing details for specific plans.
We are not e-commerce, so can we still use your service?
Yes, OTP+ can be used by any business that requires secure user authentication, not just e-commerce platforms.
What is Phishing? What is Phishing Resistance?
Phishing is a type of cyber attack where attackers trick users into revealing sensitive information. Phishing resistance means the system is designed to prevent such attacks, ensuring user credentials remain safe.
What is ATO (Account Takeover)?
ATO refers to a malicious actor's unauthorized access to a user's account, often resulting in data breaches and financial loss.
Can I Use It Alongside My Existing Authentication and Verification System?
Yes, OTP+ works with existing providers, such as Twilio, without requiring changes to your current system.
Do We Have to Change Our Existing Passwordless Front End or Back End?
No changes are required. OTP+ integrates seamlessly with your existing infrastructure.
Is It GDPR Compliant?
Yes, OTP+ is fully compliant with GDPR, ensuring the protection of user data.
Why Is It Cheaper?
OTP+ reduces costs by eliminating the need for SMS-based OTPs and mitigating the risks associated with IRSF, providing a more cost-effective solution.
Conclusion
In conclusion, OTP+ is a robust, cost-effective, secure authentication solution designed to address the current market challenges. It offers advanced threat detection, phishing resistance, and a seamless user experience, making it an ideal choice for businesses looking to enhance their security and reduce costs.
