Multi-Factor authentication (MFA), or Two-Factor Authentication (2FA) is when a user is required to present more than one type of evidence in order to authenticate on a system. There are four different types of evidence (or factors) that can be used; Something You Know, Something You Have, Something You Are, and Location.

In our case we are using 2 factors to keep our investors safe:

  • 1) something you have → mobile device (with a verified sim card)
  • 2) something you know → password.

These 2 factors were chosen carefully to satisfy the security needs of our mobile users, so that investors are still safe even if their password or device was stolen.

Please note:
In case of regular non-investor users, there is no MFA, it is just a single factor (a social media or email account), since there is no funds at stake.

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