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⍰ ASK What is two-factor authentication in the context of electronic banking in the UK?

In the UK, two-factor authentication (2FA) adds an extra layer of safety to your online banking. It's like having a secret handshake for your account, not just a password. You need two things: something you know and something you have (like your phone).

When you turn on 2FA, after you type in your password, the system asks for a second check. This could be a special code sent to your phone by text or through a specific app. Even if someone figures out your password, they still need that second thing to finish logging in.

This extra step makes it harder for someone to sneak into your account because they need both your password and that second code. It's a smart move to keep your online banking safe, and lots of banks in the UK suggest or even make you use two-factor authentication to guard against possible problems.
 

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