Bad things can happen if you don’t enable two-factor authorization (2FA).
Compromised accounts (at exchanges) have risen nearly 370% from 2017–2018 according to cyber security firm Group-IB. A total of 720 usernames and passwords were stolen. Moreover, 20% of all passwords were 8 characters or less which makes them vulnerable.
In 1st half of 2018, $1.1 billion worth of cryptocurrencies were stolen. And exchanges were most popular targets for criminals, according to security firm Carbon Black.
Apollo Foundation has built safety tools to protect your funds and identity. That includes 2FA security on Apollo Wallet. (See article.)
According to an Apollo developer:
[2FA] feature adds another level of security to the Apollo project. 2FA is developed for web, mobile and desktop wallets. As a result, this feature increases the overall security level of the wallet and it makes hack attempts more expensive than profits those attempts provide.
In Dec. 2018 the team released Android mobile Wallet app so you can take the all-in-one privacy currency that incorporates every mainstream feature wherever you go.
Download it on Google Play. The IOS version will be available upon completion of Apple Store review.
Apollo (APL) has the best privacy features in the industry, and it’s an unregulatable platform. (See Olympus Protocol 2.0 release.)
Make sure you enable two-factor authorization: It was created to protect your funds.
The new Apollo Wallet includes a few changes:
1. Redesigned interface for desktop wallets (Windows, Mac, Linux) as well as web wallet. There are updates to two-factor authentication (2FA) and secret key features.
2. Minor issues fixed.
3. Java updated to Version 11.
4. Transport app updated.
According to Apollo’s technical paper:
[The] implementation of a two-factor authentication … for web wallets will allow for increased security in regard to user identification. This additional security protocol would make the theft of a user’s password pointless. Two-factor authentication is an enhanced authentication protocol which utilizes an access control method in which more than one type of proof is required to provide the user with access to data.
Learn more about Apollo’s groundbreaking innovations: