Extra security for your banking portfolio 2 Factor authentication is a multi-level login procedure that requires a user to provide two passwords before being granted access to a Business Online banking profile. This additional security level helps to reduce the risk of fraud on your online banking portfolio. As the name implies, 2 Factor authentication makes use of two levels of security. The first of these is the self-generated user password. Users choose their own passwords, and may change them at any time. The second level of security is known as a one-time password, which is generated by a small device called a token. Each registered Business Online user has their own token, which generates random passwords at regular intervals. Only the password provided by the token at the time of logging on will be valid for a particular Business Online session. |
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