Can my Binance be hacked?

Could you please explain, is there a possibility that my Binance account could be hacked? I've been hearing stories about crypto hacks and I'm starting to get concerned. What kind of security measures does Binance take to prevent such occurrences? Are there any specific steps I should take to safeguard my account? For instance, should I use two-factor authentication? And how do I know if my account has been compromised? Any advice you could offer would be greatly appreciated.