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What is the most secure way to design the Forgot Password feature?

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What is the most secure way to design the Forgot Password feature?

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We should first ask the user to supply some details like personal details or ask a hint question. Then we should send a mail to the users authorized mail id with a link which will take the user to a page for resetting the password. This link should be active for only a short time, and should be SSL- enabled. This way the actual password is never seen. The security benefits of this method are: the password is not sent in the mail; since the link is active for a short time, there is no harm even if the mail remains in the mailbox for a long time.

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