Finance Tip: Using Multi-Factor Authentication

We Care About You & Your Finances

For more than 150 years, Kennebec Savings Bank has offered finance tips to individuals, nonprofit organizations, and municipalities to educate them on current trends when it comes to financing. 

Our goal is to provide valuable advice on setting and achieving financial goals, protecting your financial security, and expanding your financial education.

Whether you are just starting your journey towards financial independence or looking to improve your current financial situation, our tips and resources are here to help you navigate the complex world of finance. 


Multi-Factor Authentication & Keeping Your Financial Information Safe





































At Kennebec Savings Bank, we are always striving to provide the best possible financial services to our customers. One of the most important aspects of our services is the security of your financial information. In today's digital world, cyber criminals are constantly evolving their techniques to steal personal information and money from unsuspecting individuals. That is why I want to emphasize the importance of multi-factor authentication (MFA) when it comes to financial security.

MFA is like having an extra lock on your front door. It adds another layer of security to your online accounts by requiring more than just a password for access. This extra step may seem like a minor inconvenience, but it can make a world of difference in keeping your information safe from cyber threats. Remember, it only takes one hacker to compromise your financial security.

MFA is a simple yet effective way to protect your sensitive financial information from falling into the wrong hands. By requiring multiple forms of verification, such as a password, a fingerprint, or a security code sent to your phone, MFA adds an additional layer of protection that can significantly reduce the risk of unauthorized access to your accounts.

Furthermore, MFA is not just a best practice for consumers, but it is also a crucial component of regulatory compliance for financial institutions. Implementing MFA not only helps protect your financial accounts but also ensures that we are meeting the highest standards of security and privacy for our customers.

I urge all of our customers to take the necessary steps to enhance the security of their financial information by implementing MFA for their online banking transactions. It may seem like a small change, but it can make a big difference in safeguarding your hard-earned money.

At Kennebec Savings Bank, we are committed to providing the highest level of security for our customers' financial information. Remember, knowledge is your greatest defense in the fight against cybercrime. Stay informed, stay vigilant, and take the necessary steps to properly manage your financial security.



Written By: Andrew Silsby, President & CEO | July 1st, 2024