One-Time Password (OTP) bots:

What are OTP Bots?

OTP bots are automated software programs that are designed to bypass two-factor authentication (2FA) systems. OTP bots are typically used for financial gain, such as accessing and draining bank accounts or making fraudulent transactions.

As more and more online services have implemented 2FA as an extra layer of security, OTP bots have become a more significant threat with their ability to bypass traditional authentication methods, making it easier for hackers to gain access to sensitive information using a victim’s phone number and other methods. The rise of OTP bots can also be attributed to the increasing availability and affordability of automated software tools.