BDO Online implements One-Time Password via SMS

Earlier this week, BDO implemented a two-factor authentication with their online banking service. Aside from the personal password, BDO is also sending a one-time password (OTP) which customers use to be able to login to the online banking service.

This implementation is very similar to what GMail is offering with their 2-step verification process.

BDO has only introduced it this week and all customers have the option to enable this in their account profile. This means that aside from your usual personal password, another password is sent to you within minutes of the initial login.

The password automatically expires after 10 minutes so you will need to re-authenticate after that period. This security measure prevents incidents of password hacking or phishing and provides another layer or protection so we welcome this step from BDO.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

19 Comments

Beejay says:

7 years ago

It’s been implemented in middle East since long time and proven to be safe, since sim registration is also implemented. Bdo and other Philippine bank are bit too late in this feature.
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jasper legaspi says:

9 years ago

sobrang delayed yung OTP! expired na bago dumating yung password! grrrrr naubos oras ko kaka ulit then ganun ulit mangyyari
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MARCO says:

10 years ago

sir ask lang, by default po ba ung Enable SMS Notifcation ay uncheck?Need pa ba icheck ito para makareceived? thanks.
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anabel says:

11 years ago

super delayed na nga ung mga code, ayaw din gumana ng challenge question. super annoying talga. halos tumalbog yung cheque.
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Enya says:

12 years ago

Super duper delayed. Smart user. Muntik na kong maputukan ng tseke kanina! Tsk tsk tsk…will be disabling later.
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this one says:

12 years ago

..gamitin nyo na lang po yung challenge question na link :)

she_ina83 says:

12 years ago

Sir Abe, baka dapat i-blur mo ung mobile number mo sa pic.. mahirap nang iexpose yan sa web, baka kung saan pa gamitin ng kung sinu-sino
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Abe Olandres says:

12 years ago

it’s ok, just a fake number.

AA says:

12 years ago

Malamang kasalanan na ng networks yung delayed SMS nyan. Buti may challenge question
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BEEDEEOH says:

12 years ago

..though twice na nangyari sa akin delayed yung SMS nila, yung kagabi kong open ngaung umaga ko lang narcv yung password. pero meron hyperlink sa baba yung challenge question, yan na lang ginagamit ko mas mabilis pa :)
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TxtDelayed says:

12 years ago

Text messages were delayed (I’m a Smart postpaid subscriber). Expired na yung password bago mo pa magamit.

Good thing there is Challenge Question option.
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TxtDelayed says:

12 years ago

Text messages were delayed (I’m Smart postpaid subscriber). Expired na yung password bago mo pa magamit.

Good thing there is Challenge Question option.
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Benchmark says:

12 years ago

It was already implemented in Citibank online dati pa. And for me, medyo kampante na din ako kasi I know nobody is checking on my citibank…yun lang kung may clone yung sim ko.
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thecorrescode says:

12 years ago

Mas oks na yan kaysa sa bulok na online system ng Metrobank.
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Techjunkeez says:

12 years ago

Found this a bit annoying but useful.
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myk says:

12 years ago

Tried with my local number here in KSA and I got the one time password..
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Freeje says:

12 years ago

This means you can’t use this service while you’re out of the country unless you got roaming.
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chan says:

12 years ago

You HAVE THE OPTION. =)
Abe Olandres says:

12 years ago

You can disable it before you leave the country.

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