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As of the 20th of November, it is now compulsory for all Xero subscribers to have two-step authentication.
Xero is advising small businesses to "Take their security even more seriously by opting into two-step authentication as it is compulsory for all Australian subscribers as of the 20th of November 2018, in accordance with the Australian Tax Office (ATO) requirements"
About Xero's Two-Step Factor Authentication (2SA)
2SA provides an extra level of security to your Xero login, by requiring an authentication code as well as your email address and password. The authentication code is generated by an app on your mobile device or computer.
With two-step authentication enabled, only the Xero user with the access to that trusted device will be able to log in. This will make it more difficult for unauthorised people to access your data.
Benefit of 2SA:
2SA creates an extra layer of security by requiring customers to verify their identity using a separate device, decreasing the likelihood of unauthorised activity and significantly reducing the risk of account takeovers from stolen passwords.
Trent Innes, managing director of Xero Australia, said: “At Xero, we have always taken security and privacy seriously.
“2SA is similar to a deadbolt on your door; it adds another layer of security for all online practices, helping business avoid fraudulent activity. We fully support the ATO’s requirement for 2SA on software that interacts with their tax system. It is the right thing to do to help protect client data.
“We are laser-focused on protecting our customers’ sensitive data. Our customers are at the heart of everything we do and we’ll do
everything in our power to keep them safe online.”
Quick guide on setting up 2SA: