Reserve Bank of India (RBI) Governor Shaktikanta Das, during the Monetary Policy Committee (MPC) meeting on February 8, 2023, suggested the adoption of a principle-based framework  for Additional Factor of Authentication (AFA) in digital transactions. The aim is to enhance security and replace the widely used SMS-based OTP mechanism. This proposed framework will provide a mPlease provide the content you would like me to review, and I'll be happy to suggest any corrections or

It’s a wakeup call. The digital threats are looming larger than ever. Our common login systems that were once considered safe are now the Achilles’ heel of our digital defenses. The vulnerabilities of these traditional approaches are so in the face that they are sending shockwaves throughout the cybersecurity landscape. So much so that the US government published a comprehensive Cyber Safety Review Board (CSRB) report on July 24 to sound an urgent alarm for organizations to a