Concerns Raised Over New Google 2-Factor Authentication

2023-4-27 21:27

Crypto traders are growing alarmed about a new Google 2-factor authenticator app update. Critics say it puts your crypto at risk.

Google has recently released an update to its Authenticator app. Its product, used for 2-factor authentication (2FA) across various sites and services, is one of the most popular on the market. 

Crypto Holders React to New Google 2-Factor Authentication

The update allows for the safe backup of one-time codes (OTPs) to a user’s Google account. This addresses a long-standing issue with the app where a loss of the device with the Authenticator installed would mean the loss of access to all 2FA-enabled services. 

However, a second concern has been raised by two cybersecurity experts. The traffic during sync between devices is not encrypted. This allows Google to view the secrets and seeds stored on their servers.

Google Authenticator Exposed. Source: Mysk

If there’s a data breach or someone gains access to the Google account, all 2FA secrets could be compromised. Google can also see which online services users use, which could be used for personalized ads.

While this update may strike some as a convenience, it has also raised concerns about cloud synchronization and the potential for increased security risks.

Many crypto exchanges will require users to set up 2FA to access their accounts or withdraw funds. Digital wallet providers may also require users to use 2FA to access their wallets or to send funds.

The Issue: OTP Cloud Storage

The primary concern is that the update makes it easier for hackers to access 2FA-enabled services.

Since the OTPs are now stored in a user’s Google account, a hacker who gains access to the account could potentially access all services using Google’s 2-factor Authenticator app.

While using strong passwords and other security measures can mitigate the risk, it is still a cause for concern.

Google has noted that this feature is optional and can be turned off if users prefer not to use cloud synchronization. Additionally, users can have a separate device for their authentication app, with no other apps or data stored on it. This will also help curb your security risk.

The post Concerns Raised Over New Google 2-Factor Authentication appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

google new 2-factor authentication concerns raised less

Источник: beincrypto.com

google new → Результатов: 126


Liberals Love Immigration Unless Google or Amazon Wants to Move to Their Neighborhood

Why does the media keep reporting on Amazon, Google, and other tech giants building new offices and data centers as if their desire to expand is an affront to basic human decency? This article by Elizabeth Dwoskin at the Washington Post covers Google’s expansion into a new data center near Dallas, TX as if the author was a muckraker uncovering a dirty secret.

2019-2-18 00:30


Фото:

Google: ‘Money Isn’t Real’

The search engine mogul Google subtly revealed its feelings on Bitcoin and cryptocurrencies through an ad for its new Call Screen service. ‘Well, I’ve Got News For You – Money Isn’t Real’ Google recently released an ad for its new Call Screen service which allows users to interact with callers prior to answering the phone.

2018-10-11 06:00


September in Africa: Alibaba saves wildlife and Google Partners comes to Nigeria

Pan-African ecommerce giant Jumia may be about to launch an initial public offering (IPO), if reports are to be believed, valuing the company at around $1 billion USD. According to Reuters, Jumia, which already claims to be Africa’s first “unicorn” based on how much investment it has received, is considering a possible New York listing early next year.

2018-10-2 15:55


Фото:

An entrepreneur’s guide to Toronto’s tech scene

If you’re interested in the Canadian tech scene, Toronto is on your radar. Certainly the hype surrounding this tech scene is not undeserved. Among other good news to come out of Canada’s financial capital, the city has cemented its reputation as a global center for AI, thanks to a $5 million investment by Google into the Vector Institute last year and an aligned buy-in from the city’s academic, government and corporate sectors.

2018-9-28 20:44


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Hamster Kombat crypto hits 100M users - Will it be the next NOT?

Hamster Kombat, a tap-to-earn game on Telegram, plans to launch on the Toncoin blockchain. Notcoin remains a top-trending token on CoinMarketCap despite recent price drops. Hamster Kombat, aThe post Hamster Kombat crypto hits 100M users - Will it be the next NOT? appeared first on AMBCrypto.