Recovery of your bank password through Facebook? Let Check out how?

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Social media giant Facebook has announced several things in its annual developer conference F8. Augmented reality and virtual reality program were the top highlights But with this, Facebook has made an announcement that will change the experience of password recovery in the future.

Usually, this may happen many times with you when you have forgotten the password for one of your accounts. To recover, you use the registered email id or registered a phone number. But what if you use Facebook to recover your bank account password? Obviously, you might be wondering how it would happen and how secure it would be.

Facebook is developing a way to recover the password, under which any password of any online account will be recovered through a Facebook profile. Facebook has released a software and at the moment it has been given to the developers so that it can be improved.

Facebook’s security engineer Brad Hill has said that Email is not actually designed with secure system and there are many big challenges there even after countless updates.

Software collaboration site GitHub has been offering people option of recovering their accounts through Facebook since January. In the F8 conference, Facebook has expanded the scope of this software and released it for other developers and companies. Once the companies develop this tool in their website, then they can easily apply for Facebook Reception Program for Facebook Beta.

For example, if you have forgotten your bank account password. Now that you have to reset the password, you click the Forget password link on the bank’s website. On clicking here, instead of email ID, the page will directly redirect you to a Facebook profile to check your identity.

After this process, Facebook will send the digital token to your bank who will confirm that it is your bank account. These tokens will be encrypted so you will be used for the same service for which you wanted to log in.

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