Hacking of online personal information is now commonplace and the old methods of simply using a password and username are no longer considered secure enough to fend off modern criminal gangs whose hacking methods are becoming more and more sophisticated. With the explosion of cryptocurrencies and online wallets holding coins this has created a target rich environment for hackers. Something was required to to add another layer of security to the username and password login – two factor authentication or TFA as it is sometimes referred to.
2FA is an additional layer of security that is known as multi factor authentication and utilises either another piece of information only known to the user or a random key generator such as google authenticator (available to download on Google Play or Apple App Store) – this is somewhat similar to your bank’s online pin generator but rather than a physical device it can be utilised using a smart device and so is much more convenient.
IT IS HIGHLY RECOMMENDED THAT YOU ACTIVATE 2FA WHEREVER IT IS OFFERED AS AN OPTION