Multi-factor authenticationMulti-factor authentication (MFA; two-factor authentication, or 2FA, along with similar terms) is an electronic authentication method in which a user is granted access to a website or application only after successfully presenting two or more pieces of evidence (or factors) to an authentication mechanism. MFA protects personal data—which may include personal identification or financial assets—from being accessed by an unauthorized third party that may have been able to discover, for example, a single password.
Keystroke loggingKeystroke logging, often referred to as keylogging or keyboard capturing, is the action of recording (logging) the keys struck on a keyboard, typically covertly, so that a person using the keyboard is unaware that their actions are being monitored. Data can then be retrieved by the person operating the logging program. A keystroke recorder or keylogger can be either software or hardware. While the programs themselves are legal, with many designed to allow employers to oversee the use of their computers, keyloggers are most often used for stealing passwords and other confidential information.
Online bankingOnline banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers access their bank accounts. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of historic branch banking.
Security tokenA security token is a peripheral device used to gain access to an electronically restricted resource. The token is used in addition to, or in place of, a password. It acts like an electronic key to access something. Examples of security tokens include wireless keycards used to open locked doors, or a banking token used as a digital authenticator for signing in to online banking, or signing a transaction such as a wire transfer.