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Apr 19,2018 at 06:01 am

Two Factor Authentication, also known as 2FA, two step verification or TFA (as an acronym), is an extra layer of security that is known as "multi factor authentication" that requires not only a password and username but also something that only that user has on them, i.e. a piece of information only they should know or have immediately to hand - such as a physical token.

In the world of increasing digital crime and internet fraud many people will be highly familiar with the importance of securing their online datas, logins, usernames and passwords but if you ask them the question "Have You Considered Two Factor Authentication?" the likelihood is they will not know what it is or how it works, even though they may use it every single day.

Using a username and password together with a piece of information that only the user knows makes it harder for potential intruders to gain access and steal that person's personal data or identity.

Using a Two Factor Authentication process can help to lower the number of cases of identity theft on the Internet, as well as phishing via email, because the criminal would need more than just the users name and password details.

Chronically, two-factor authentication is not a new invention but its use has become far more prevalent with the digital age we now live in. Recently major online platform such as Google, MSN and Yahoo announced the use of two factor authentication for their users.

Using Two Factor Authentication without tokens is called Tokenless Authentication. This type of authentication can be considered faster, quicker and cheaper to set up and maintain across many networks.

The good news is that Two Factor Authentication is now fully functional to all users on Arkonix Mining Platform, now you can enhance your account security and 2FA can also be enabled for withdrawals confirmation. 

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