In the internet age, passwords have become a thing of the past. Relying solely on a string of characters to protect your account is as naive as using just one lock to secure a villa. As hackers attempt millions of password combinations daily, two-factor verification is becoming the last line of defense for account security.
The Fatal Flaw of Passwords: Why Single-Layer Protection is No Longer Enough
Imagine this: You receive a text message saying your account has been accessed. In a panic, you click the link and enter your password. Three seconds later, your crypto assets are gone.
This is not alarmist. Weak passwords, data breaches, phishing attacks - these threats are happening every day. Even if you set a password that seems very complex, it may be exposed in a data breach of a certain website's database. Worse still, you might reuse passwords across multiple platforms, and a breach on one website is enough to cause the collapse of your entire account system.
This is why two-factor authentication (2FA) is no longer optional,