MSB Blog

In today’s digital world, passwords alone are no longer enough to keep your personal and financial information safe. Cybercriminals are constantly evolving, and so should your defenses. That’s where Multifactor Authentication (MFA) comes in — a simple yet powerful way to add an extra layer of security to your online accounts.

What Is Multifactor Authentication?

Multifactor Authentication (MFA) is a security process that requires users to provide two or more verification factors to access an account. Instead of relying solely on a password, MFA combines:

• Something you know (like a password or PIN)
  
  
• Something you have (like a smartphone or security token)
  
  
• Something you are (like a fingerprint or facial recognition)

Why MFA Is a Game-Changer

Here are some key benefits of enabling MFA:

1. Stronger Security

Even if a hacker steals your password, they can’t access your account without the second factor. This drastically reduces the risk of unauthorized access.

2. Protection Against Phishing

MFA helps protect you from phishing attacks, where scammers trick you into revealing your login credentials. With MFA, a stolen password isn’t enough.

3. Peace of Mind

Knowing your accounts are protected by multiple layers of security gives you confidence when banking, shopping, or managing sensitive information online.

4. Simple and Convenient

Most MFA methods, like receiving a code via text or using an authentication app, are quick and easy to use — and well worth the extra few seconds.

5. Widely Supported

From email and social media to banking and healthcare portals, many services now offer MFA. Enabling it is often just a few clicks away.

How to Get Started

• Enable MFA on all accounts that support it — especially email, banking, and social media.
  
  
• Use an authenticator app like Google Authenticator or Microsoft Authenticator for added security.
  
  
• Avoid using SMS as your only second factor, if possible, as it can be vulnerable to SIM-swapping.

Multifactor Authentication with your Monson Savings Bank Digital Banking

Monson Savings Bank offers a Two-Factor Authentication security feature for online and mobile banking, ensuring your experience remains safe and secure. This feature is designed to confirm both your identity and the device you’re using — helping prevent unauthorized access to your account information.

If the system detects a new device or suspicious activity, you may be asked to verify your identity using a one-time passcode sent directly to your phone.

What Does Two-Factor Authentication Mean for You?

• No more frustrating security questions
• No need to memorize a new passcode — each code is unique
• Each passcode is sent directly to your device for easy access
• Your account is more secure than ever

If you have any questions, visit your local Monson Savings Bank branch or call 413-267-4646.

Your security is in your hands. By enabling multifactor authentication, you’re taking a smart, proactive step to protect your identity and finances.

Monson Savings Bank Is Here to Help

At Monson Savings Bank, we’re here to help you stay one step ahead. We offer secure digital banking tools, fraud detection services, and personalized support to help protect your information. If you ever suspect fraud or need guidance, please contact us.

Visit our Personal Security Center or our Business Security Center for more information and check out more Safety and Security blog posts to stay informed.

This content is provided for informational purposes only and does not constitute legal, financial, or cybersecurity advice. Personal banking customers should consult with qualified professionals regarding their individual financial and security needs. Monson Savings Bank is not responsible for any losses or damages resulting from the use of this information.