Google has made a major change to the Authenticator app that could affect account security at cryptocurrency exchanges, including Binance. The largest brokerage on the market spoke on the topic and made recommendations to users.
According to Google’s announcement, the codes are now generated by the Authenticator can be synced and saved across multiple devices using a Google account.
The new Google Authenticator feature allows users to back up two-factor authentication (2FA) codes to the cloud. This means users on any device only need to sign in with a Google email address to access the codes.
How the new Google Authenticator works
Previously, losing the device with the app meant losing access to all services configured with two-factor authentication. With this change, users have more protection against blocks and more convenience when accessing services.
In addition to Google Authenticator, Google offers other secure authentication options such as Google Password Manager and Sign in with Google, which allow you to log in to websites and apps quickly and securely. The company also works with industry partners to provide users with even more convenient and secure offerings.
Login security is critical to the safety of all online accounts as it is the gateway to the user’s personal information.
While this new functionality may seem useful, according to Binance, it poses a significant security risk to accounts using Google Authenticator for two-factor authentication.
If the user’s Google account is compromised, hackers can gain access to all single-use codes, including those associated with the Binance account.
Binance advises users to disable the new option
To avoid this vulnerability, Binance recommends its users to disable the Google Cloud sync functionality for Binance 2FA authentication, to ensure the safety of their cryptocurrency funds.
Security should always be the number one priority when it comes to digital assets. While convenience is important, Binance recommends that users opt for Binance Authenticator, a secure alternative to 2FA that stores all personal data locally on the device.
This helps prevent vulnerabilities and keep users’ accounts and their cryptocurrency funds safe.
Users who have questions or concerns can contact Binance’s support team for assistance. It is crucial for Binance users to take precautions to ensure the safety of their accounts and cryptocurrency funds, and disabling Google Cloud sync is one of them.
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Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
