What Is Two-Factor Authentication (and Why Is It Important)?

Lets break down the term Two-Factor Authentication.

We recommend looking at our guide oncreating strong passwords to beef up your security.

This illustration shows a person using a multi-factor authentication code to access an account online. The secret code is sent to their phone for verification.

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By requiring two forms of authentication, account providers create more secure systems that arent easy to breach.

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How Does Two-Factor Authentication Work?

But, you may ask, how is my smartphone utilized as a second form of authentication?

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Either way, physical access to your smartphone is needed to access your account.

We highly recommend that you enable Two-Factor Authentication for any of your online accounts that may support the feature.

Either way, you are making it more difficult for malicious users to access your accounts.

Simply follow the steps below to enable Two-Factor Authentication for your bank.

Some banks take automatic control of Two-Factor Authentication, enabling it for you without requiring a request.

you’ve got the option to also visit your banks website and help section for more information.

Yes, we highly recommend using Two-Factor Authentication for your accounts.

How do I know if I have Two-Factor Authentication?

What is the difference between a password and Two-Factor Authentication?

A password is one form of authentication.

Two-Factor Authentication helps to increase overall account security.

How do I turn off Two-Factor Authentication?

Michael Archambault is a senior writer with The Penny Hoarder specializing in technology.

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