To decrease the possibility of attackers posing as real users, the OTP SMS service employs a second layer of authentication. This lessens the possibility of account and data theft. Even if the hacker is successful in obtaining the user’s login credentials over the dark web, they will be missing the last bit of information needed for successful authentication.
The adoption of 2FA reduces fraud attempts and increases user trust in the merchant’s website. There is a high chance that most fraud victims will avoid a particular business even if it wasn’t responsible for the data leak.
Multinational organisations can employ the second level of authentication more easily with mobile 2FA. Employees can securely access the company’s software and systems, online documents, and third-party systems from any device or location without disclosing or sharing confidential information.