Security

SCA: SMS One-Time Codes are not OK, says EBA

SCA: SMS One-Time Codes are not OK, says EBA

But you definitely can (SCA) with Onescan

The European Banking Authority (EBA) has published a new opinion on the Secure Customer Authentication (SCA) regulations scheduled to come into force this September. In a view that has caught many by surprise, the EBA says that those approaches that simply rely on One Time Passcodes (OTPs) sent by SMS do not actually comply with the new rules.