Create Account Securely With 2FA

Two-factor authentication, or 2FA for short, is a security measure that requires more than just your password to access websites or services. To ensure the safety of all your accounts, it's wise to enable 2FA across all of them.

Most websites and online services support two-factor authentication (2FA), making it a quick and effortless process to set up. 2FA helps protect your accounts by blocking phishing attempts as well.

Hackers could create fake Accounts that require a password

There is a potential risk that hackers could create fake Accounts for Deriv with your personal information, using it to commit scams or cause financial loss. To protect yourself, ensure you use different, strong passwords on each account and update your browser with the most up-to-date security patches.

When signing up for an account on most websites, they typically request your email address and password. Unfortunately, some of these websites store these passwords in plain text which makes it vulnerable to hackers gaining access to your data.

Another way hackers can obtain your information is by creating fake login pages that look so authentic as real websites, complete with company logos, fonts and formatting. This technique works so well because users will enter their credentials without noticing which can grant them access to all your online accounts.

Many fake Accounts are created by hackers to siphon off your personal information and sell it on the Dark Web or illicit marketplaces. With this data, they could gain access to your online banking or e-wallet accounts, for instance.

To avoid such incidents, you should regularly scan your email for any potentially malicious emails or messages. Additionally, review other social media and business accounts for any messages from hackers that may have been sent there. Doing this helps to block links in such emails from being clicked on. Furthermore, educate your employees about common hacking techniques to guard against them.

2FA tends to be more secure

When using a website that supports 2FA, you must verify your identity before logging in. Doing this makes it harder for hackers to break into your account and access personal data.

Security teams can better track login attempts and block suspicious ones with this technology, helping prevent Man-in-the-Middle attacks.

Some websites and apps use push notifications to verify if someone is trying to log in, with no password or code needed. This method is scalable and can be utilized to protect multiple users at different locations.

Another popular option is a hardware token. These are more secure since they're origin bound, meaning phishing scams won't affect them. Unfortunately, hardware tokens tend to be expensive and difficult to use.

Alternatively, you could download an app that scans QR codes to prove your identity. While this option may not be the most secure, it's easy and doesn't need an external device for use.

Finally, some websites and apps require your phone number to verify your identity. Unfortunately, this poses a security risk as attackers could take over your phone and gain access to your accounts. Furthermore, using such services while traveling abroad where there isn't access to mobile networks may prove challenging.

In addition to these drawbacks, many people feel uneasy providing their phone numbers to websites and apps. This is because many companies use this data for targeted advertising and conversion tracking purposes.

Two-factor authentication can still be more secure than not using it at all, although there is always the chance someone might hack into your account. Even sophisticated password cracking techniques are ineffective without additional factors involved, which is why we suggest enabling 2FA whenever possible; the extra effort pays off and helps keep personal information safe.

Avoid clicking on links

To protect your Deriv account, create it securely with 2FA. This is an efficient and secure way to verify your identity before accessing any of our services, saving you from dealing with a compromised password.

It works by requiring you to enter an authentication code generated by a smartphone app, in addition to your usual password. Best of all? It's free! Download either Authy or Google Authenticator onto your phone and follow the steps below for installation.

First and foremost, make sure your device supports 2FA. This is especially essential if you plan to take your device overseas as some wireless carriers do not support it in certain regions or countries. So it's wise to confirm before leaving home that your phone works properly with this feature enabled.

Second, ensure your device is connected to a secure network and disable file sharing. You can do this by navigating to the network and sharing center in your Control Panel.

You may want to consider installing a security plugin like HTTPS Everywhere*, which will prevent you from connecting to unsafe websites even when connected via public Wi-Fi networks. Best of all? Installation only takes a few seconds!