This application generates time-based, one-time passwords used to verify a user’s identity when logging into their T. Rowe Price accounts. This method provides an extra layer of security beyond just a username and password. For example, upon attempting to access an account, the user will be prompted to enter a code displayed on the application in addition to their regular credentials.
The use of such a system significantly enhances account security, mitigating the risk of unauthorized access from compromised passwords. The temporary and constantly changing nature of the generated codes makes it exceedingly difficult for malicious actors to intercept and reuse them. Its adoption reflects a commitment to protecting client assets and personal information, aligning with industry best practices for multi-factor authentication.
