As digital fraud escalates, PLDT Enterprise and Smart Communications, Inc. (Smart) are taking a leadership role in advancing secure digital transactions. The companies have introduced GSMA-certified Open Gateway APIs, including the innovative Silent Authentication, to protect businesses and consumers from rising cyber threats. This solution, which replaces traditional OTPs (One-Time Passwords), mitigates risks like phishing and identity theft, offering seamless, secure mobile transactions across industries.
The Philippines has become a hotspot for e-commerce phishing attacks, leading to billions in losses. As online transactions surge, the need for frictionless yet robust authentication grows. Silent Authentication, a network-based solution, strengthens security and improves user experience, making it faster and safer to authenticate transactions.
Smart and PLDT Enterprise’s GSMA-certified APIs are already benefiting key sectors:
- Banking & Finance: Replacing OTPs with Silent Authentication enhances fraud protection for banks and digital wallets.
- E-Commerce: Retail platforms can prevent unauthorized access, reduce fraud, and build consumer trust.
- Small Businesses: PLDT Enterprise ensures that even smaller companies can access enterprise-grade security, securing their digital transactions.
PLDT Enterprise’s commitment to cybersecurity and innovation ensures that businesses, regardless of size, can thrive in a secure digital ecosystem. With these advanced solutions, the company is shaping the future of digital security in the Philippines.
