Final answer:
Multifactor authentication is the method that combines a password with an additional verification layer, providing improved security against unauthorized access.
Step-by-step explanation:
The authentication product that requires a password and one additional verification item is multifactor authentication (MFA). Unlike single-factor authentication, which only requires one method of verification (typically a password), multifactor authentication adds at least one more layer of security. This could be a code sent to your phone, a fingerprint scan, or a security question. This increased security helps individuals protect their accounts from unauthorized access. Likewise, companies and governments implement stronger protections, like MFA, on websites to safeguard sensitive data.