In a world where digital banking is the norm, the security of your financial accounts is more critical than ever. While a strong password is a good first step, it is no longer enough to protect against sophisticated cyber threats. This is where two-factor authentication (2FA), also known as multi-factor authentication (MFA), comes in. It provides a vital second layer of security that can be the difference between a secure account and a compromised one. Setting it up is a straightforward process, and it’s one of the most important things you can do to safeguard your money.

What is Two-Factor Authentication?

Two-factor authentication is a security method that requires you to provide two different forms of identification to prove who you are before you are granted access to an account. These two factors typically come from three distinct categories:

1. Something you know: This is your password or PIN.
2. Something you