When using online internet banking, I have to use my 6 digit pin and a password to authenticate into the system. There is no hardware token used in this example. Is this considered as 2 Factor Authentication?
1 Answer
Short: No
Two-factor authentication refers specifically and exclusively to authentication mechanisms where the two authentication elements fall under different categories with respect to "something you have", "something you are", and "something you know".
This only uses "something you know"