Introducing TOTP Authentication for Next-Level Security
Blog post from Stytch
Stytch introduces TOTP (time-based one-time passcodes) as a robust, passwordless two-factor authentication solution designed to enhance security for sensitive use cases, such as financial transactions and access to confidential HR data. Unlike SMS passcodes, which can be susceptible to SIM swapping, TOTP uses a time-based code generated by an authenticator app, ensuring that authentication is tied to the user's device rather than a phone number. This method offers an additional layer of protection against sophisticated attacks, as demonstrated in incidents like the phishing attacks on Coinbase users. Stytch's product simplifies the integration of TOTP into authentication flows, allowing developers to implement it quickly with any compatible authenticator app. The solution is particularly appealing for high-risk applications, such as those in the cryptocurrency sector, while SMS passcodes remain suitable for less risky scenarios due to their convenience.
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