How does two-factor authentication enhance security in investment apps?
An example of an AI chatbot conversation about investment app security and two-factor authentication.
How does two-factor authentication enhance security in investment apps?
Two-factor authentication (2FA) adds an extra layer of security by requiring not just a password but also a second factor, like a code sent to your phone.
What are the common methods used for the second factor?
Common methods include SMS codes, authentication apps like Google Authenticator, and biometric methods like fingerprint or facial recognition.
Is 2FA foolproof? Can it be bypassed?
While 2FA significantly increases security, it's not foolproof. Attackers can use phishing or SIM swapping to bypass it.
What should I do if I suspect my account has been compromised?
Immediately change your password, enable 2FA if not already done, and contact your investment app's support for further assistance.
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