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Topic: I dont like 2FA ...so ? - page 2. (Read 1798 times)

sr. member
Activity: 252
Merit: 250
April 27, 2014, 03:03:19 PM
#4
to protect against people who hate you?  who's got it in for you?  should we report you to the cops for being a danger to yourself??  no.  because it's only done out of irony.  great.  so i don't need 2FA to keep my money secure *yoink*
donator
Activity: 1617
Merit: 1012
April 27, 2014, 02:58:46 PM
#3
I would like to know how an attack takes place on a non-2FA online wallet that is not possible on a 2FA online wallet ?
One basic example:
- Your password to your online wallet was somehow obtained by a hacker (through Trojan, key logger, whatever)
- Attacker attempts to log in to your account to transfer your coins out.
- Userid/password authentication succeeds.
- 2FA authentication fails because hacker does not have your phone/Yubikey/OTP token.
- Attempt to steal your coins fail.

On the other hand without 2FA after entering your userid/password successfully the hacker has full control of your online account.
hero member
Activity: 504
Merit: 500
eidoo wallet
April 27, 2014, 02:38:54 PM
#2
2FA requires a phone call to your phone to login. Thereby making it harder/pretty impossible for a hacker/attacker to login on your account without also having your phone.

I recommend 2FA for your email as well as for any exchange you use.
legendary
Activity: 2394
Merit: 1216
The revolution will be digital
April 27, 2014, 02:33:56 PM
#1
I would like to know how an attack takes place on a non-2FA online wallet that is not possible on a 2FA online wallet ?
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