library

Secure Your Veem Account with 2FA: A Step-by-Step Guide on Setting Up 2FA with Authenticator and SMS

4 min read

Introduction to Securing Your Veem Account with 2FA

As cyberattacks become increasingly sophisticated, it is more important than ever to secure your online accounts. While there are many different ways to protect your accounts, the most convenient and reliable method is enabling Two-Factor Authentication (2FA). Veem offers two options for 2FA. In this article, we’ll provide a step-by-step guide on how to set up 2FA with both options and what to expect once this feature is turned on.
 
 

What is Two-Factor Authentication (2FA)?

2FA is a security process that requires online users to provide two different authentication factors to verify their identity. The goal of 2FA is to increase the security of online accounts and reduce the risk of unauthorized access. The two factors typically used in 2FA are:

  • Something the user knows: This can be a password, PIN, or any other piece of information that only the user should know.
  • Something the user has: This can be a physical device such as a smartphone, a security token, or a smart card.

To use 2FA, the user must first provide their username and password, which is the first factor. Once this is verified, the user must then provide the second factor, which could be a code sent to their phone via SMS, a generated code from an authentication app, or using biometric data like facial recognition or fingerprint scanning.

By requiring users to provide a second factor of authentication, 2FA makes it more difficult for hackers to gain access to user accounts, even if they have stolen or guessed the user’s password. Even if a hacker has obtained a user’s password, they would also need to have access to the second factor to gain access to the user’s account.
 
 

The benefits of using 2FA

There are several benefits to using two-factor authentication (2FA) to secure your online accounts. Here’s a few:

  • Enhanced Security: 2FA adds an extra layer of security to your online accounts by requiring a second form of authentication in addition to your password. This makes it more difficult for attackers to gain access to your accounts, even if they have obtained your password through data breaches, phishing attacks, or other means.
  • Reduced Risk of Identity Theft: With 2FA, it is more difficult for cybercriminals to impersonate you and steal your personal information. This helps reduce the risk of identity theft, which can cause significant financial and personal harm.
  • Protection of Sensitive Data: If you store sensitive data online, such as financial information, personal data, or confidential business information, using 2FA can help protect this data from unauthorized access and keep it secure.

 
 

Setting up 2FA with Authenticator

Find yourself a reputable and reliable Authenticator application (app) such as Authy, Google Authenticator, or Microsoft Authenticator. These popular mobile apps generate time-based, one-time passwords (TOTP) that can be used for 2FA.

Step 1. Log in to your Veem account.

Step 2. Click on your name in the top right corner and select “Profile.”

Step 3. Scroll down to the “Security Settings” section and click “Enable” next to “Two-factor Authentication.”

Step 4. Select “Google Authenticator” as your preferred 2FA method.

Step 5. Download the Google Authenticator app on your smartphone.

Step 6. Scan the QR code displayed on the Veem website with the Google Authenticator app.

Step 7. Enter the six-digit verification code generated by the app into the Veem website.

Step 8. Click “Enable” to activate 2FA for your Veem account.
 

 
 

Setting up 2FA with SMS

If you prefer not to use an app for 2FA, Veem also offers the option to receive verification codes via SMS. Here’s how to set up 2FA with SMS for your Veem account:

Step 1. Log in to your Veem account.

Step 2. Click on your name in the top right corner and select “Profile.”

Step 3. Scroll down to the “Security Settings” section and click “Enable” next to “Two-factor Authentication.”

Step 4. Select “SMS” as your preferred 2FA method.

Step 5. Enter your mobile phone number in the field provided.

Step 6. Click “Send Code” to receive a verification code via SMS.

Step 7. Enter the verification code into the Veem website.

Step 8. Click “Enable” to activate 2FA for your Veem account.

Step 9. Tips for Using 2FA with Veem.

 
 

Some additional tips to enhance your account security:

  • Make sure to use a strong and unique password for your Veem account.
  • Use a password manager to securely store your passwords and reduce the risk of a data breach.
  • Keep your smartphone or mobile device secure with a passcode or biometric authentication.
  • If you lose your smartphone or change your phone number, be sure to update your 2FA settings on the Veem website immediately.
  • Consider using a physical security key as an alternative to 2FA with Authenticator or SMS.

 
 

Conclusion

Enabling 2FA is a simple and effective way to enhance the security of your Veem account. Whether you choose to use Authenticator or SMS, the process is straightforward and can be completed in just a few minutes. By following the tips outlined in this article, you can further reduce the risk of unauthorized access to your Veem account and protect your financial information. For more information on account security, check out these essential tips to prevent account takeover and identity theft.

 

 

* This blog provides general information and discussion about global business payments and related subjects. The content provided in this blog ("Content”), should not be construed as and is not intended to constitute financial, legal or tax advice. You should seek the advice of professionals prior to acting upon any information contained in the Content. All Content is provided strictly “as is” and we make no warranty or representation of any kind regarding the Content.