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Two-step verification adds an extra layer of security to your account. In addition to your password, you use a second form of verification to log in, e.g. code from an app on your phone.
If your Upstock account is connected to Xero, two-step verification will soon be mandatory. This is a security requirement from Xero to help protect your financial data.
If you're not using Xero, you have the option to have two-step verification turned on for added security across your organisation, but it's not a mandatory requirement.