WRDS is a company that offers a platform to use many financial and economic databases. Examples are: CRSP, Compustat, NYSE intraday data and Audit Analytics. Recently it was announced (quite suddenly) that people who use the Wharton Research Data Services accounts for the WRDS platform, will be required to change the way they get access. WRDS account users will need to use either an App from Duo Security (CISCO) or another way to indicate that they are the rightful users of the account. In essence Two-Factor Authentication (2FA).
Details are explained on the WRDS platform at and FAQ and on the general pages. The change will start at 28 November 2022. The only WRDS type accounts that will not (yet) be impacted by this new policy, are the WRDS Class type accounts. At some organizations that have a WRDS license it is also possible to use the WRDS platform through a WRDS Day Pass option. The new policy will not impact Day Pass users.
In 2023 the 2FA policy will also impact the WRDS account users that use programs like SSH, SAS, R and Python to access licensed data directly from WRDS servers. The specifics on how this works will be disclosed at a later date. The precise date in 2023 is not yet disclosed either.
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