NEW YORK (CBSNewYork) – Many people enjoy the convenience of banking online and quickly accessing their emails or social media accounts.
But there are security risks when you log on.
That’s why a growing number of companies are offering – or in some cases, requiring – an extra step called two-factor authentication, or 2FA.
It protects your online accounts by requiring two forms of verification before granting access.
For example, in addition to putting in a username and password, you’re required to enter a one-time code that’s texted to a phone number associated with that profile. This way, even if a hacker is able to steal your password, they can’t get into your account.
The list of companies that require two-factor authentication is growing. But a recent study found only 28 percent of people are using it when it’s an option.
Still, it’s a good idea and it’s getting easier.
Many internet services support a specialized app called an authenticator, like the one Google offers. The app, which you pre-set to work with a service, has a constantly rotating set of codes you can use whenever you need.
Security measures can sometimes feel cumbersome, but in the case of two-factor authentication, taking that extra security step could save you a lot of time, and even money, down the line.
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