At Transcodium, we are always concerned about the security of our users, this is important as we are dealing with assets with monetary value. previously, we implement a Two Factor Authentication (2FA) authentication on our token sale dashboard to protect our user from losing their funds and it was very successful.
In addition to the email verification code , we have also implemented the Two Fatctor Authentication on WirePurse android app & web version, providing an extra layer of security. Two Factor Authentication will protect your login as well as your fund thus preventing any unauthorized access.
But what actually is Two Factor Authentication ?, Two-factor authentication strengthens access security by requiring multiple factors or methods to verify your identity. Two Factor Authentication protects against phishing, social engineering, and password brute-force attacks and secures your logins from attackers exploiting weak or stolen credentials.
In addition, we have also built an internal monitoring system which monitors and tracks unusual activities by the user in case of any theft or hack. This layer provides extra security to make users comfortable storing their assets in WirePurse.