Crypto traders are growing alarmed about a new Google 2-factor authenticator app update. Critics say it puts your crypto at risk.

Google has recently released an update to its Authenticator app. Its product, used for 2-factor authentication (2FA) across various sites and services, is one of the most popular on the market. 

Crypto Holders React to New Google 2-Factor Authentication

The update allows for the safe backup of one-time codes (OTPs) to a user’s Google account. This addresses a long-standing issue with the app where a loss of the device with the Authenticator installed would mean the loss of access to all 2FA-enabled services. 

However, a second concern has been raised by two cybersecurity experts. The traffic during sync between devices is not encrypted. This allows Google to view the secrets and seeds stored on their servers.

If there’s a data breach or someone gains access to the Google account, all 2FA secrets could be compromised. G

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Author: Josh Adams

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