The OTP code stands for One Time-Password code or it can also be interpreted as a password code that is only temporary and can be used only once.
The One Time-Password code is generally used as a one-time password intended to carry out the verification process in smartphone applications . The existence of OTP aims to avoid digital crimes ( cyber crime ).
That’s why it’s important to keep the One Time-Password code and don’t let anyone find out. Therefore, let’s understand the ins and outs of this One Time-Password code so that later we can be wiser and smarter in conducting online transactions .
Use of OTP code
Some people may still be confused about the difference between OTP and PIN. However, they both have different uses. Check the following OTP usage information.
1. Safe because it can only be used once
As the name implies, OTP or One Time-Password can only be used for one transaction. Why is this code only designed for one time use?
This is because to avoid criminal acts. The single use of the One Time-Password code is expected to minimize digital crimes.
Of course, this is different from a PIN which is fixed as long as it has not been changed and can be used many times when making a transaction.
2. Get extra protection during transactions
OTP is generally only limited to a few transactional interests, such as buying and selling account logins, bank accounts, online money loans , and so on.
Use on bank accounts usually uses the One Time-Password code more often . This is useful for avoiding banking crimes.
3. Has a Usage Time Limit
One of the distinctive characteristics of OTP is that there is a time limit for use. Generally, the One Time-Password code is only valid between 3 seconds to 5 minutes.
If you miss the usage period, you must request this code again so that you can make online transactions . The new code received will definitely be different from the code that has been submitted and expired before.
OTP code example
OTPs usually have a fairly short validity period, ranging from 30 seconds to 5 minutes. Examples of OTP codes are found in many commonly used applications, such as:
- Mobile banking OTP code in the BRImo application , BNI Mobile Banking.
- OTP code for digital banking application in Jenius BTPN application, Digibank by DBS
- E-commerce OTP code in the Tokopedia, Bukalapak, Shopee, Lazada applications
Generally OTP will be sent via SMS message or email. Some applications have also started to automatically send and input One Time-Password codes over the telephone line.
The application of the One Time-Password code as a transaction security measure was first carried out by Bank Indonesia (BI) . Along with the development of technology and online transaction enthusiasts , the use of this One Time-Password code continues to expand.
The One Time-Password code is designed for one-time use only to avoid fraudulent crimes. However, the current mode of fraud is increasingly diverse.
Many of them trick the victim into wanting to share this one-time use code with fraudsters that the victim doesn’t even know at all. For this reason, it is necessary to be vigilant and careful when making online transactions .
How to get OTP code
How to get OTP code?
- This code is obtained when confirming the login to an application.
- This code will also be given when changing data, including passwords .
- This code can also be sent when making online transactions .
If you have received this code, enter it immediately so it doesn’t expire. Don’t forget to be careful if someone else asks for this code.
This code is strictly confidential and only you can know. Even employees or representatives of the application have no right to know the code.
Why can’t One Time-Password be shared with others?
The purpose of the One Time-Password code is to maintain transaction security for its users. However, there are still people who are deceived by sharing the code with criminals.
So, actually why shouldn’t this code be shared or shared with anyone? The reason is obvious because this code is the primary key to be able to enter and access the account and all the information in it.
Like the code word One Time-Password, this is the key to a house which if you hand over the key to a thief, he can easily and freely use the contents of the house.
Starting from money to various personal data that can be misused. For example, data on name, date of birth, ID card number, ATM card, credit card, and so on.
This irresponsible thief can also change the data so that later they can misuse the data freely.
While on the other hand, the owner can’t do anything because all the passwords have been changed by the irresponsible party.
That was information about the One Time-Password code . For those of you who want to know more about transaction services or insurance? Check out popular questions around these topics on Ask Lifepal .
Frequently Asked Questions about One Time-Password code
What is the OTP verification code?