The Central Bank of the UAE has drawn a line in the sand. By March 2026, the era of the SMS and One-Time Passwords will be over for the nation's financial institutions. This is not a minor policy tweak. It's a seismic shift. For years, the SMS/OTP has been the default security blanket for digital banking. A familiar, but flawed, solution. But the CBUAE's directive acknowledges a harsh reality: in the face of sophisticated phishing, SIM-swapping, and social engineering attacks, this legacy met...
