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What is Two-Factor Authentication (2FA)?
What is Two-Factor Authentication (2FA)?
Insaaph Capital | Oracle avatar
Written by Insaaph Capital | Oracle
Updated over a week ago

Malicious attacks, hacks, data breaches, and other forms of cybercrime on governments, companies, and individuals are a fact of our increasingly digital lives. Two-Factor Authentication (2FA) is an added level of security, which online companies can integrate into their technology stacks to provide enhanced protection, something more secure than just a password, as an option to users.

2FA requires two distinct forms of identification in order to grant access to for example: user accounts, company networks, data, etc. First, a valid user will enter their username and a password. Then, instead of immediately gaining access, the user will be required to provide another piece of information, either a personal identification number (PIN), or a code sent to the user's smartphone, or a fingerprint, before whatever is being secured can be accessed.

In effect, 2FA is an extra layer of security used to make sure that users who are attempting to access online accounts are who they say they are. We recommend that you activate 2FA on your account, for enhanced security.

Important to Note: Inasmuch as 2FA enhances security, it is not foolproof. Malicious actors who acquire the authentication codes can still gain unauthorised access to users' accounts. Common ways of unauthorised acquisition codes include phishing attacks, duplicated account recovery procedures, and malware.

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