Anirudha13
How to Combat Fraudulent Activities with SMS Verification
SMS verification is a powerful tool to ensure the security and privacy of customers. It provides a second level of identity factor. As discussed in the video, it has several applications for a number of businesses.
1. Registration Process
SMS verification ensures the validity of both the user and their phone number by sending an OTP. This safeguards the business from any spams or duplicate accounts.
2. Two-Step Verification
SMS verification adds a level of security to the overall login process with OTPs sent to the users at each login thus making it harder for cyber-criminals to crack into accounts.
3. Resetting Password
User passwords are extremely sensitive and require the utmost care. SMS verification makes the process easier for users while preventing fraud or identity theft with OTPs.
4. User Reactivation
Reactivating inactive user accounts are highly susceptible to cyber-attacks. Thus, SMS verification with the help of OTP ensures users get in easily while blocking the cybercriminals.
5. Verifying E-Orders
Fraudsters often book high-value fake orders leading to losses for e-commerce platforms. A simple verification OTP at the checkout page adds to the authenticity of the order.
6. Authenticating Financial Transactions
High-security passwords or OTPs add a level of security and reaffirms transactional authenticity to all financial transactions which are susceptible to fraud.
How to Combat Fraudulent Activities with SMS Verification
SMS verification is a powerful tool to ensure the security and privacy of customers. It provides a second level of identity factor. As discussed in the video, it has several applications for a number of businesses.
1. Registration Process
SMS verification ensures the validity of both the user and their phone number by sending an OTP. This safeguards the business from any spams or duplicate accounts.
2. Two-Step Verification
SMS verification adds a level of security to the overall login process with OTPs sent to the users at each login thus making it harder for cyber-criminals to crack into accounts.
3. Resetting Password
User passwords are extremely sensitive and require the utmost care. SMS verification makes the process easier for users while preventing fraud or identity theft with OTPs.
4. User Reactivation
Reactivating inactive user accounts are highly susceptible to cyber-attacks. Thus, SMS verification with the help of OTP ensures users get in easily while blocking the cybercriminals.
5. Verifying E-Orders
Fraudsters often book high-value fake orders leading to losses for e-commerce platforms. A simple verification OTP at the checkout page adds to the authenticity of the order.
6. Authenticating Financial Transactions
High-security passwords or OTPs add a level of security and reaffirms transactional authenticity to all financial transactions which are susceptible to fraud.