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One Time Password vs Passwordless Authentication

Developers should learn and implement OTP when building applications requiring strong authentication, such as banking, healthcare, or any system handling sensitive user data, to comply with security standards like multi-factor authentication (MFA) meets developers should implement passwordless authentication when building applications requiring high security and user convenience, such as financial services, healthcare platforms, or enterprise saas products. Here's our take.

🧊Nice Pick

One Time Password

Developers should learn and implement OTP when building applications requiring strong authentication, such as banking, healthcare, or any system handling sensitive user data, to comply with security standards like multi-factor authentication (MFA)

One Time Password

Nice Pick

Developers should learn and implement OTP when building applications requiring strong authentication, such as banking, healthcare, or any system handling sensitive user data, to comply with security standards like multi-factor authentication (MFA)

Pros

  • +It is crucial for preventing unauthorized access in scenarios where static passwords might be compromised, such as in online services, VPNs, or API security
  • +Related to: multi-factor-authentication, time-based-one-time-password

Cons

  • -Specific tradeoffs depend on your use case

Passwordless Authentication

Developers should implement passwordless authentication when building applications requiring high security and user convenience, such as financial services, healthcare platforms, or enterprise SaaS products

Pros

  • +It's particularly valuable for reducing support costs related to password resets and mitigating risks from data breaches involving stolen credentials
  • +Related to: multi-factor-authentication, oauth-2.0

Cons

  • -Specific tradeoffs depend on your use case

The Verdict

Use One Time Password if: You want it is crucial for preventing unauthorized access in scenarios where static passwords might be compromised, such as in online services, vpns, or api security and can live with specific tradeoffs depend on your use case.

Use Passwordless Authentication if: You prioritize it's particularly valuable for reducing support costs related to password resets and mitigating risks from data breaches involving stolen credentials over what One Time Password offers.

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The Bottom Line
One Time Password wins

Developers should learn and implement OTP when building applications requiring strong authentication, such as banking, healthcare, or any system handling sensitive user data, to comply with security standards like multi-factor authentication (MFA)

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