Using a connected dominating set (CDS) to serve as the virtual backbone of a wireless sensor network (WSN) is an effective way to save energy and reduce the impact of broadcasting storms. Since nodes may fail due to accidental damage or energy depletion, it is desirable that the virtual backbone is fault tolerant. This could be modeled as a k-connected, m-fold dominating set ((k,m)-CDS). Given a virtual undirected network G=(V,E), a subset C\subset V is a (k,m)-CDS of G if (i) G[C], the subgraph of G induced by C is k-connected, and (ii) each node in V\C has at least m neighbors in C. We present a two-phase greedy algorithm for computing a (2,2)-CDS that achieves an asymptotic approximation factor of $(3+\ln(Δ+2))$, where $Δ$ is the maximum degree of G. This result improves on the previous best known performance factor of $(4+\lnΔ+2\ln(2+\lnΔ))$ for this problem.