NSE to begin two-factor authentication for CBRICS users

Leading stock exchange NSE will implement a two-factor authentication for users of its web-based corporate bond reporting platform from June 28 to safeguard investors from any security risks.
"In order to enhance the security measures, the exchange shall be implementing two-factor authentication (2FA) for users of CBRICS (Corporate Bond Reporting and Integrated Clearing and Settlement platform)," NSE said in a circular.
The two-factor authentication would be implemented from June 28. While the mechanism would be optional till July 5, it would be made mandatory from July 7.
"During the optional period, users can choose to skip 2FA settings by clicking on 'skip to application' tab," it added.

Two-factor authentication is a security process in which the user provides two means of identification from separate categories of credentials.
The exchange recently also implemented the facility for users of its electronic bidding platform -- Nse-ebid -- for allocating debt investment limits for foreign portfolio investors.
NSE has also initiated two-factor authentication for users of its web-based e-IPO, mutual fund as well as negotiated trade platforms.