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 id & actions when interacting with the Coinbase ecosystem.
At Coinbase, we consider that our customers must have entry to one of the best safety doable with out sacrificing ease and comfort. Offering a secure, safe, and easy-to-use platform that customers belief is our steady dedication to all of our present and future prospects. That’s why, we require all Coinbase accounts to make use of 2-Issue Authentication (2FA). 2FA is a safety layer on prime 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 assist on each internet and cell for 2FA, many shoppers admire the comfort of SMS.
Serious about that, we’re now going one step additional in conserving our customers’ accounts safe by way of Coinbase Safety Immediate, an easier, sooner and safer 2FA methodology that improves total account safety. How? As an alternative 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 making an attempt to check in. Now with Coinbase Safety Prompts, customers can authenticate a login motion with a easy faucet on their telephone:
Our prospects will robotically have a stronger safety with out dropping the benefit and comfort of utilizing their telephones, from wherever. 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, resembling the placement or browser kind.
Beginning in July by means of the remainder of 2022, all of our eligible* customers will steadily begin to be robotically enrolled to finish their 2FA by way of 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 energetic cell login session, making an attempt to login from a second gadget and are utilizing our newest Coinbase app model.
