CIBC two-factor authentication allows a customer to protect his financial transactions from fraudsters.
It lies in the fact that some of the most important financial operations, like registering for online or mobile banking, making large transfers or payments, updating your contact data, adding payees, and resetting your code - must be confirmed using a password that comes in push notification, text message or voice call.
You can set up the CIBC two-factor authentication in the mobile app in the Identity Verification section.