June 23, 2016 -
The National Stock Exchange of India (NSE) has implemented a two-factor authentication for users of e-IPOs web-based application to increase security measures for investors, according to a report by Economic Times.
The NSE initially launched its new electronic Initial Public Offers or e-IPO bidding system in January.
The system has the facility of web-based log-in via the internet, offline bid entry post market hours, download facility of orders and order history, and other functions.
“In order to enhance the security measures, the Exchange shall be implementing Two factor authentication (2FA) for user of e-IPO web-based application,” NSE said in a statement.
The two-factor authentication will be optional until June 24 but will become a mandatory security measure starting June 27.
The Exchange had previously implemented two-factor authentication for users of its web-based mutual fund platform and its negotiated trade platform.