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Why 2FA security is vital for your Wirex account

September 19, 2017 11:52 am Published by

We use passwords to access everything – social media accounts, emails, online banking. Not only can it get difficult to keep track of them all, it’s also difficult to create something that’s both memorable and complex. That’s why we recommend 2FA as an extra layer of security.

How will 2FA protect you?

Two-Factor Authentication (2FA) helps add maximum security to the way you access your account. When you log in with two-factor authentication enabled, you will need to enter your password and a unique code generated on your mobile. This adds a second layer of protection on your account – even if someone knows your password, they won’t be able to access your account without also having your phone.

2 Steps is a tiny effort for peace of mind and top security

Being asked  to prove yourself with two-factor authentication every time you log may seem like a time-consuming effort, but it’s better to safeguard your account than to risk it being vulnerable to hacking.

It takes less than 5 minutes to set up and 2 minutes to complete the login process.

Read our FAQ on how to set up 2FA on your Wirex account

Extra security tips

It is crucial to have your own security measures in place to secure yourself from potential losses. Here are some basic personal checks to reduce the chances of your account being compromised:

  • Managing your devices – Control the devices that can access your Wirex account. Protect your account by monitoring your login activity with the devices you own to ensure it is you. Manage your devices in your account settings.
  • Securing your email account with 2FA – Emails are often the gateway to other online activity. Protect this sensitive information by setting up 2FA on your emails.
  • Using unique passwords for all online accounts – A strong password should be at least 8 characters and contain a mix of letters, numbers and symbols in upper and lower case. Avoid using your name, username or something easily identifiable. Remember to use different passwords for logging into different sites and change your passwords regularly.
  • Using a secure internet connection – If you are using a home wireless network, make sure this has been set up securely. If you are using a third-party network, ensure you only use a trusted and secure wireless network connection.
  • Operating system/web browser – An up-to-date operating system/web browser will help protect you against security threats such as malware.
  • Beware of malware – Spyware is a form of online snooping. An up-to-date anti-virus/anti-spyware/anti-malware can monitor online threats and protect your details while browsing online.

Whether you have two-factor authentication activated on your account or not, if your phone is missing or you believe your account may have been compromised, contact our support team as soon as possible to have your Wirex account temporarily blocked.

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