India’s telecom regulator, the Telecom Regulatory Authority of India (TRAI), has announced a controversial directive that will abolish One-Time Passwords (OTPs) for various online transactions starting November 1. This sudden move aims to streamline digital authentication but has raised significant concerns about online security among consumers and businesses alike.
Critics argue that OTPs are a vital layer of security that protects users from fraud and unauthorized access. Without this safeguard, the risk of cyberattacks may increase, leaving sensitive personal information vulnerable. Additionally, industry experts worry about the potential for a rise in identity theft cases as the change takes effect.
As the deadline approaches, stakeholders urge the regulator to reconsider this decision, emphasizing the need for robust alternatives that ensure user security while maintaining convenience in digital transactions. The implications of this directive could reshape the landscape of online security in India, prompting widespread debate among consumers and industry leaders.
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