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Why did Westpac choose SMS Code as an online security solution?

April 26, 2017code online security SMS solution westpac

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Why did Westpac choose SMS Code as an online security solution?

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We opted for the Westpac Protect SMS Code solution as it is a proven security measure for Online Banking. It is regarded as second-factor authentication. First factor refers to ‘something you know’ (i.e. your password) and second factor is ‘something you have’ (like your mobile phone). Both are used to verify your identity and thus make your transactions more secure.