2FA stands for Second Factor Authentication. With 2FA, you are better guarded against online crimes such as Trojans and phishing attacks.
By next year, all banks will need to be equiped with this new security feature. Already, I am using this 2FA with MayBank. I would say MayBank is the pioneer to kick start this new technology. Very soon, DBS Bank will follow suit too!
MayBank 2FA (Live And Compulsory)
http://info.maybank2u.com.sg/banking_services/e_channels/2FA/index.htm
DBS Bank 2FA (Still in the process of sending out the devices to customers)
http://www.dbs.com/sg/personal/ibanking/news/
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