This original report, sponsored by Boloro, examines the use and degradation of SMS one-time passwords (OTPs) along with the qualities that made it so pervasive, and charts a path forward for institutions in search of a viable replacement. SMS one-time passwords have permeated nearly all authentication experiences in financial services, but because of an increasing number of vulnerabilities, their ability to provide robust security against fraud is failing. Fraud has become prevalent. It is time for financial institutions and others who require identity verification to plan for the next generation of authentication. Download the full white paper here. For the executive summary on the Boloro Differentiators, click here.