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PS3 won't let me sign into PSN, how do I fix this?

When ever I try signing in, the console tells me that the password is incorrect. I tried accessing the email but it tells me the password on there is wrong too.

The prompt that pops up mentions something about a potential 2 step verification. Yet the prompt doesn't specify if that's the issue, only possibly.

I know the password is correct for sure.

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