How will this make online shopping and banking more secure?
Most people use passwords as way of proving it's them. Sadly, passwords can be guessed or stolen by fraudsters. So we're adding a second layer of security to check it's really you, and make it harder for anyone else to. There are three ways you can verify yourself:
- “Something you know” - this is a piece of secret information that only you know, like your password.
- “Something you have” - this is a device you own, like your mobile phone or card reader.
- “Something you are” - this is something that is unique to you, like your fingerprint.
You’ll need to provide two of these three ways to verify it’s you. This is called 'two-factor authentication'.
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