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Siyu Liu, Senior Product Supervisor; Chetan Rane, Product Supervisor
Tl;Dr: We’re excited to introduce the Coinbase Safety Immediate: a sooner and safer manner for our customers to confirm their identification & actions when interacting with the Coinbase ecosystem.
At Coinbase, we consider that our customers must have entry to one of the best safety potential with out sacrificing ease and comfort. Offering a protected, safe, and easy-to-use platform that customers belief is our steady dedication to all of our present and future clients. That’s why, we require all Coinbase accounts to make use of 2-Issue Authentication (2FA). 2FA is a safety layer on high of username and password. Accounts with 2FA enabled require customers to supply their password (first “issue”) and a 2FA code (second “issue”) when signing in. Whereas Coinbase presents each {hardware} key and authenticator app help on each net and cell for 2FA, many shoppers recognize the comfort of SMS.
Excited about that, we’re now going one step additional in holding our customers’ accounts safe through Coinbase Safety Immediate, a less complicated, sooner and safer 2FA methodology that improves general account safety. How? As a substitute of sending an SMS code, the brand new Coinbase Safety Immediate sends customers a push notification to their Coinbase cell app, asking if they’re attempting to sign up. Now with Coinbase Safety Prompts, customers can authenticate a login motion with a easy faucet on their telephone:
Our clients will mechanically have a stronger safety with out shedding the convenience and comfort of utilizing their telephones, from anyplace. Safety Immediate is resilient towards SIM Swap assaults by eradicating the cell service as an middleman from the authentication course of. It additionally reduces the chance of phishing assaults by offering detailed details about the place the request is coming from, equivalent to the situation or browser kind.
Beginning in July by way of the remainder of 2022, all of our eligible* customers will progressively begin to be mechanically enrolled to finish their 2FA through Safety Prompts. Customers who’re nonetheless receiving SMS codes as their 2FA methodology can get entry to Coinbase Safety Prompts by downloading the Coinbase app.
*Eligible customers are those that have an lively cell login session, attempting to login from a second gadget and are utilizing our newest Coinbase app model.
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