Glossary

Three-factor authentication (3FA)

What is 3FA? 

3FA, or Three-factor authentication, is a highly secure way to identify someone to log in, sign up, or complete a transaction online or via mobile. 

How is 3FA used? 

As its name suggests, 3FA goes one step further than 2 Factor Authentication (2FA) by including a biometric element in the identification mix. 

3FA combines something you know (your password) with something you have (your mobile phone) and something you are (your fingerprint) to help stop fraudsters in their tracks. 

What are the benefits of 3FA? 

Security is top of mind for anyone accessing accounts or making transactions online, or at least it should be! 

Sadly, there are folks out there who make a living from fraud, identity theft, and stolen passwords, so putting steps in place to add security, boost confidence, and reduce the chance of identity theft is critical.

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