What is OTP website?

What is OTP?

OTPs are numeric or alphanumeric passwords that are generated for a single login or transaction , that is, they can be used only once. These codes have become a standard method of confirming whether a login or transaction is legitimate. Its main advantage is based on a key point: security . Its objective is to add extra authentication to protect fraudulent access and transactions and, in this way, drastically reduce the risk of fraud or scams. Generally, decentralized app developer this type of tool is usually a complement to static passwords, that is, a code that remains the same until the user decides to change it. Today, most sites have static passwords, which can be compromised and give access to sensitive personal information.

OTP as digital signature:

OTP-based digital signatures are designed to give greater legal validity to documents signed electronically and optimize processes. At present, more and more companies are using this system for the authentication of signatures on a daily basis.

How are these codes for digital signature generated?

OTPs are generated from the hash of a file, which is an alphanumeric sequence of identification, so that the OTP code is directly linked to the document to be signed. This key is sent to the user to their mobile device and, later, they must enter this code to the digital signature platform to carry out the procedure. By using a mobile phone to send the code, it is most likely that this number must be linked to the identification of the user who wishes to sign and, once again, avoid identity theft. It is timely to point out that an OTP code for digital signature is sent exclusively to the person who is going to sign and that it lasts only a few minutes to increase security.

Benefits of electronic signatures with OTP

There are a few important reasons why your company should start using OTP as a digital signature.

Greater security: as indicated in the previous paragraphs, since it is sent by text message and considering that the code lasts a few minutes, it is less likely to be exposed to identity theft, since it is more difficult to intercept.

Simplicity: the user does not need a greater knowledge of how this signature works or use any complicated software to carry out the operation.

Save time: the signing process is extremely fast and can be done at any time and from anywhere in the world.

Save resources: compared to the traditional method of sending documents to be signed, resources are saved, since it is not necessary to spend on mailings or printing sheets.

It is unalterable: this code and the signature that is made later, have a specific date, time and destination number. All this data cannot be altered or deleted, so there is a clear record of the user’s movements.

What is an OTP or ‘ one time password ‘?

The OTP or ‘ one time password’ is a single-use code that serves to reinforce the security of a password or access method. That is, to enter an email account, social networks, web page or any other service that requires authentication, dapps development services the credentials are first requested with the username and password and then this temporary one-time code .

What is an OTP for?

An OTP is an excellent way to reinforce security and prevent unwanted access to certain accounts. It is used when you want to establish a more secure login mode than static passwords. It is very interesting to use it in places where sensitive data is stored , such as bank accounts or email. And also in other services where personal information could be stolen or identity theft is possible , such as online stores , forums and social networks.

How does an OTP work?

One-time passwords, also called tokens in some contexts, are one of the most popular second factors of authentication . Other dual-factor systems could be facial recognition, the use of a fingerprint, a code received by SMS, and even a physical device that works as a key. The most common is to use an application on the mobile phone , which is where the codes are generated and they change every twenty, thirty or sixty seconds, depending on the app .

To configure them, you must first activate the double authentication factor in the desired account or tool (for example, Gmail, Instagram or Twitter). This generates a QR code that must be scanned from the mobile OTP application for the account to be linked. Once this is done, every time you want to log in to said platform, you will be asked for, in addition to the main password, this one-time key that expires in a few seconds. The OTP, Future of metaverse due to its unique and temporary nature, is much more difficult to break than a single static password.

OTP systems to start protecting you:

There are many applications that offer the possibility of having an OTP always available.

Google Authenticator. Google OTP Key Generator is available for both Android and iOS . It allows you to generate codes without an internet connection, has high compatibility with accounts and providers and has a night mode, among others.

OTP Auth. Only available for iPhone and iPad . Its main advantages are the absence of ads and that it has support for Apple Watch, as well as an extension for Safari.

Microsoft Authenticator. Microsoft’s proposal is also available in the Google Play Store for free. It offers compatibility with most accounts on the market and generates the codes with a thirty second timer.

FreeOTP Authenticator. Developed by Red Hat and available for Android and iOS , this OTP is also very easy to use, comfortable and secure. Allows you to generate the codes even if the phone is in airplane mode.

Other measures to protect ourselves on the internet

The line between digital and physical life is getting thinner. In fact, today it can be more dangerous to have a person’s email accessed than to have their bag or backpack stolen. The information that exists in digital accounts is very sensitive .

Therefore, it is very important that the user learns to protect himself well on the Internet . Here are some tips that can help:

• Establish strong and unique passwords . If possible, stored in a password generator.
• Use a double authentication factor .
• Close sessions every time you connect on a new device.
• Do not connect to public Wi-Fi networks .
• Do not download files or click on links that we are not sure of their origin.
• Never send access data , much less unencrypted.
• Always report to the State Security Forces any crimes or attempts that may have taken place.
• To the extent possible, use single-use or prepaid virtual debit cards.
• Do not provide personal information if you are not sure who is receiving that information.
• Always use common sense and not do on the internet what you would not do in real life.

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