Glossary

Two-factor authentication (2FA)

Two-factor authentication (2FA) is a second proof of identity — usually a code from an app — required in addition to your password when you sign in.

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Definition

Two-factor authentication combines something you know (your password) with something you have (a code on your phone, or a passkey). Even if your password is stolen, an attacker cannot sign in without the second factor.

Why it matters for your business

For a finance account, 2FA is the highest-value single security step. It blocks the overwhelming majority of automated account-takeover attempts that rely on leaked passwords. See how to set it up.

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