Last updated November 5, 2019
Two-factor authentication (2FA), sometimes referred to as two-step verification or dual factor authentication, is a security layer in addition to your password.
Google Authenticator meets all modern technology and security requirements. It generates codes for two-step verification, which in turn ensures higher protection for your account by requesting you to perform a second verification action during sign-up.
You will need to enter both the password and the code generated by Google Authenticator app on your phone. Since the codes are generated in the local application of the phone, such codes cannot be intercepted and used for fraudulent purposes.
Note: Using Google Authenticator for your 2-step verification codes, you will still be protected even if your password is stolen.