Saxo Bank Securities to introduce new authentication process, beefing up login security
Saxo Bank Securities Ltd, the Japanese subsidiary of multi-asset investment specialist Saxo Bank, plans to introduce a new authentication process using trusted device registration.
With Saxo’s new two-factor authentication requirements, traders can only log in from devices they have chosen to trust; otherwise, they will verify each login with an SMS code.
A trusted device is a computer, tablet, phone, or browser that you verify as safe in order to skip additional verification steps for future logins with the same device.
The new two-factor authentication with trusted devices replaces any previously used two-factor authentication, such as third-party authenticators.
Traders can have a maximum of 6 trusted devices associated with a single account. If a trader tries to trust a 7th device, this trader will be asked to replace one of the existing trusted devices in order to continue logging in and trusting the new device.
The new certification process will be rolled out to Saxo’s customers gradually from late January 2023.