Full Form of OTP
OTP stands for One-Time Password. It is a security feature commonly used in various online transactions and authentication processes. Here are some key points about OTP:
- Purpose:
OTPs are designed to enhance security by providing a unique password for a single session or transaction.
Usage:
- Commonly used in online banking, e-commerce, and email verification.
Provides an additional layer of security beyond traditional username and password combinations.
Characteristics:
- Time-Sensitive: OTPs usually have a short validity period, often ranging from a few seconds to a few minutes.
Single Use: Once used, an OTP cannot be reused, making it more secure.
Delivery Methods:
- SMS: Sent to the user’s registered mobile number.
- Email: Delivered to the user’s registered email address.
Authenticator Apps: Generated by applications like Google Authenticator or Authy.
Benefits:
- Reduces the risk of unauthorized access.
- Helps prevent fraud and identity theft.
In summary, One-Time Password (OTP) is a crucial component of modern digital security, providing a reliable way to authenticate users and protect sensitive information.