Digital Crime and internet fraud has become the order of the day and due to this effect, majority of the internet users became acquainted with the importance of online security (logins, usernames and passwords). In this contemporary world (Digital age), the existing internet security seems to be weak as the case of digital crime and internet fraud kept on increasing at an alarming rate. It was recorded that in the past few years the rate of cyber crime has increased by over 600% and this accrues to over 1 billion dollars lost to digital crime and cyber theft . What a big loss. Despite the awareness on internet securities by internet users, the question “What is 2 Factor Authentication” is a hard nut to crack by them though some make use of it every day. Let us tackle the hard nut to crack.
WHAT IS 2 FACTOR AUTHENTICATION
Two Factor Authentication known as 2FA, two step verification or TFA (as an acronym), is an extra layer of security known as “Multi Factor Authentication” that requires not only a password and username but also something that only the user has on them, i.e. a piece of information only they should know or have immediately to hand — such as a physical token. Currently we have two 2 Factor Authentication Product in Market which are Google Authenticator and Authy. From thorough analysis, it was observed that 2 Factor Authentication could enormously reduce the occurance of online identity theft and other online fraud, because the victim’s password would no longer be enough to give an attacker permanent access to their information. That’s where 2FA Apps are useful. Comparing this two 2 Factor Authentication Product to Hydro 2FA App, they have certain limitations and disadvantages which doesn’t give them an entire online security assurance. The Limitations are as follows :
. Google Authenticator lacks multi- device support
. Google 2FA and Authy are centralised.
. Google 2FA lacks in the area of encrypted recovery backups.
. Google 2FAis available for Android, BlackBerry, and iOS, there’s no desktop app.
. Google 2FAis available for Android, BlackBerry, and iOS, there’s no desktop app.
. Authy is dependent on phone number as means of identification. That means, a system breach on your mobile number exposes one huge security risk and your 2FA unable to protect you.
These incompetence of available 2FA products is the driving force for Hydro platform to put an end to cyber crimes and internet Fraud by inventing Hydro 2FA — RAINDROP
HYDRO 2FA (RAINDROP)
Hydro Authenticator (RAINDROP) tends to solve all the existing problems current Authenticators were unable to solve. It exist to solve problems with current authentication frameworks, including poor security, centralization and recovery”.With Hydro 2FA, internet security is assured thus rendering cyber crimes into extinction for the benefit of all platform.
ADVANTAGE OF HYDRO 2FA — RAINDROP TO OTHER 2FA
. Hydro 2FA App are decentralised, protecting you from the client’s side and also from your financial institution. It also doesn’t affect your Authentication App when a server is down due to other servers working normally.
. It has Seed Regeneration Feature which makes it possible to recover your Authenticator when you lose your phone.
Hydro Authenticator solves all the problems today Authenticators can’t solve and that is why, it is a welcomed development. Hydro 2FA App is under test for IOS users.
Soon Android, blackberry and other users Hydro 2FA App will be out and functional.
For more about Hydro 2FA App, follow these links below
Telegram : https://t.me/projecthydro
Twitter: https://twitter.com/@hydrogenapi,
Website: https://hydrogenplatform.com/hydro
Reddit: http://www.reddit.com/r/projecthydro
BitcoinTalk: https://bitcointalk.org/index.php?topic=2778123.0
Blog: https://medium.com/hydrogen-api
Discord: https://discordapp.com/invite/gxAUagw
YouTube: https://www.youtube.com/channel/UChDPAVs_qKREy9zAQsc6VVw