Why Two-Factor Authentication (2FA) Is Critical for Businesses

What Is Two Factor Authentication and Why Is It Critical For Your Business Security?

Two-Factor Authentication (2FA) is a security method that requires two forms of identification to log in, adding an extra layer beyond just a password to protect accounts from hackers, even if they steal your password, by verifying you are who you say you are using a secondary log in step (phone code, 2FA token). It’s also known as two-step verification and significantly boosts security for online services like email, banking, and social media.

In today’s digital age, businesses of all sizes must protect themselves and their customers from increasingly sophisticated cyber threats. One of the simplest yet most effective ways to do that is by enabling 2FA. At Bennington State Bank, we take your security seriously and implementing 2FA is a key part of that effort to protect both your business and customer information online.

2FA is typically available at no cost to you, making it one of the most powerful and affordable security tools your business can use.

How it works
First Factor: You enter your username and password.
Second Factor: The system then asks for a second piece of proof, such as a code sent to your phone via an authenticator app or a security token*.
Enter the code provided by your token or authenticator app and you’re in!

2FA is quick, easy and offers enhanced security for your financial transactions, providing reassurance that your money is safer from theft.

Ask the BSB Treasury team how you can get set up today!

*Fees may apply for tokens.