
To set up a Bank of America security key, you'll need to enroll in the service online or through the Bank of America mobile app. This will prompt you to choose a security key and confirm your identity.
You can choose from a variety of security keys, including the YubiKey and the Google Titan Security Key, both of which are FIPS-compliant and can be used with multiple online accounts.
Setting Up Security Key
To register your security key, you'll need to follow the instructions provided by your key's manufacturer, specifically if you have a FIDO-certified key, which is the recommended type.
Security keys that haven't been used for six months will be automatically removed from the system, so be sure to keep yours active.
FIDO Key Authentication
Bank of America has partnered with the FIDO Alliance to offer customers a more secure way to authenticate online. This partnership allows customers to use a FIDO security key to add an extra layer of physical security to their online account.
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The FIDO standard exploits the mechanism of asymmetric cryptography, using a private/public key pair to provide a secure and easy login experience. This means that the private key never leaves the device and is effective against phishing and other cyber attacks.
FIDO security keys are used as the second authentication factor, in addition to the login/password as the first factor. This replaces the step of inserting a code sent by SMS for authentication, making it impossible to be hacked without the security key.
YubiKey is a popular FIDO security key that is loved by millions in 160 countries. It secures out of the box hundreds of popular services, supports all computers and phones, and is easy to use.
To add a FIDO security key to your Bank of America online account, follow these steps:
• Make sure your FIDO2 key is properly set up and ready for use.
• Log in to your Bank of America online account using your username and password.
• Under the "Security Center" section, click on "Set up Two-Factor Authentication."
• Select "Add a security key" and insert your FIDO2 key into a USB port on your computer.
• Follow the instructions on the screen to complete the setup process.
Using a FIDO security key provides a high level of security for online transactions, making it an ideal solution for banking institutions like Bank of America.
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