Digital businesses are increasingly abandoning SMS one-time passcodes (OTPs) for two-factor authentication (2FA) in favor of a more secure and cost-effective alternative: passkeys.
The traditional SMS OTP system — once considered a secure method for login authentication — is now recognized as a significant financial and security burden. Businesses face not only the direct costs of sending these OTPs, but also indirect expenses from phishing attacks and the high failure rates of SMS deliveries.
Passkeys offer a more secure, user-friendly and cost-effective alternative. This white paper presents real-world applications to demonstrate how passkeys are transforming sign-ins.
