Are all online transactions, not pos, involve the otp

As per RBI directives, double verification for all online transaction is must. Hence CVV + OTP, or special window for transaction with transaction password, etc. double verification processes are adopted by different banks, as per their own convenience.

Hi, You have quoted the RBI quidelines. But i want to know whether it is in vogue in all the transactions. If banks are having different conveniences, then there is a possibility of compromising. Recently i read in times of india article that hackers could easily brute force the password, and all codes .It says that the few first characters are specific and common to all and the remaining are culled from multiplay of codes by the hackers.

                           If otp is universal then there is a layer of security for the users. i usually avoid online transactions because of cyber attacks. But after demonitization this is the way now, that every body should opt to do all the transactions. CERt in , has also issued a security alert on tightening the security of atms and pos. But there was no mention of OTP

pl see this link

https://indianexpress.com/article/india/demonetisation-fallout-micro-atms-pos-asked-to-guard-against-cyber-attacks/

Yes, that was not seriously thought till date, but now some more guidelines may follow.

As a safety precaution, try to use virtual cards, or prepaid cards for online transactions.

Hi, Please see this article also

https://epaperbeta.timesofindia.com/index.aspx?eid=31807&dt=20161203

Thanks for reference.

Hi, I also heard that OTP has been made easy for small transactions recently. I do not know for sure. Is it correct? I mean that OTP is not an option for small transaction as it involves receiving OTP in the mobile . Please say