What is Two-Factor Authentication?
It is a security system that asks for more than just your password. It requires something you know and something you have. When you try and log into your account after you enter the correct password, it will then send a code to your phone. Then, you will be able to proceed and access your account. It is extremely important because in today’s world a password is just not enough. Most banks have this already set up especially if you log on from a computer you normally don’t. You can generally set these settings in the security settings tab of applications.
Why use Two-Factor Authentication?
- Sends notifications instantly to your e-mail or phone when someone tries to access your account and data.
- Provides at least a second layer of security over your account and data.
- Just a password may not be enough to protect your account anymore.