Bank apps — How they know you are YOU

Strong, unique passwords are the least you can do to protect online accounts. Here’s a primer to get you started. While two-factor authentication (2FA) is becoming a common security step for apps and services, some industries have yet to adopt it.

Take banking apps, which don’t typically require 2FA to get into your account. Seems reckless, doesn’t it? The thing is, they have other ways to identify who you are.

Security questions are not so secure

Remember security questions? You’d be asked questions such as the name of your first pet or the city you were born. This practice is falling out of favor, and that’s a good thing. Others might know the answer to those questions and get into your accounts.

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Wall Street Journal reports that banks use far more sophisticated methods to identify clients, such as comparing your typing speed with each attempt. Others analyze how much pressure you use when entering credentials (they check how many pixels your fingers cover when you tap each key). That’s some serious James Bond-type security.

The four biggest banks in the U.S. — Bank of America, Chase, Citibank and Wells Fargo — use various authentication methods. But they all support Face ID and Touch ID for Apple devices and fingerprint ID for Android phones.

While all four banking apps also offer 2FA, it’s not always turned on by default. Let’s change that.

Bank of America

You’ll get asked to verify your identity with 2FA at certain times, like when you make a transfer or use a different device than you usually do.

It’s better to set up 2FA security to trigger every time you log into the mobile app. Set it up in the Security Center, which also shows other ways to improve security.

Chase

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