Nowadays, almost everyone has at least one personal email. When creating an email password, often people will use some combination of their name, birthdate, or phone number. However, passwords created in this manner are insecure and face a high risk of cyber theft. To mitigate this risk, Coins.co.th offers a way to help you strengthen the security of your online Coins.co.th accounts.
What is Two Factor Authentication?
Two Factor Authentication, or 2FA , is a two-tiered user authentication process.Upon signing into a website or an application, you will fill out the username and password for the application as part of the standard sign-in procedure, or Step 1 Code Verification. The system will then proceed to Step 2, where the user will be able to use a password from tokens, one time passwords (OTPs), SMSs sent to their mobile phones, or passwords from applications such as Google Authenticator or Authy.
Why you should use 2FA? What are the perqs?
Passwords alone are not enough for the security of your account! People often create passwords based on their name, birthdate, and phone number, or they create simple passwords, such as “qwertyuiop” or “12345678,” which are highly vulnerable to hackers. Even more advanced passwords consisting of lowercase and uppercase letters as well as special characters can be vulnerable. Therefore, using 2FA is recommended.
Two Factor Authentication (2FA) is another security system that makes it difficult for hackers to access your private account through their devices. Even if hackers are able to find out your password, they will not be able to access the account without the 2FA.
According to Verizon 2017 Data Breach Investigations Report, that 81% of data leakage due to hacking and stolen code are from low security passwords that are easy to guess.
How can you enable 2FA?
2FA should be enabled for applications or websites that store sensitive information, for instance, financial transactions. However, we recommend that 2FA be enabled with every application or website that you use on a daily basis for security purposes, such as:
Email (Gmail, Yahoo, Outlook)
Accounts on social networks (Facebook, Instagram, Linkedin, Tumblr, Twitter)
Password managers (LastPass)
Communication apps (Skype, LINE)
Online shopping (Amazon, PayPal, Google Play)
Cloud storage accounts (Dropbox)
Productivity apps (Evernote)
Enabling 2FA is slightly different for each application and website. In general, the procedure would consist of: Going to Settings → General → Security, and then selecting the Two Factor Authentication option.
>Using Google Authenticator with Coins.co.th Account Google Authenticator
>Using Authy with Coins.co.th Account Authy
