Friday, July 11, 2014

Secure your account with login guard

Login guard is the latest account security feature on LocalBitcoins. If your LocalBitcoins account is being accessed from a web browser or a device not seen before an email confirmation is required when logging in.

Login guard is automatically enabled for all new users. The old users can enable the login guard in their profile settings.  Login guard is effective protection against phishing attacks and we hope to see the reduction of successful phishing attacks targeting new users.

LocalBitcoins works actively towards making it safer to purchase and use bitcoins. During this year there has been visible increase in attack against bitcoin users in all major bitcoin services and local bitcoin wallets stored on your computer.

Below are some highlights of LocalBitcoins security progress.

Two-factor activation rate progress

Two-factor is one of the most effective ways to prevent account hacks. Even online games incentive players to activate two-factor for their in-game accounts.

The above chart shows the percentage of the LocalBitcoins users who activated two-factor authentication after the email verification. One can see there is clear progress going on and educating the new users is working. Some methods how we have achieved this are explained below.

A security brief for new users

After the email verification every new user is presented a choice for two-factor activation. We cannot force the users to activate the two-factor authentication, but we very clearly state one should do so.

Weak account security is highlighted

If the account security settings are weak this fact is highlighted to the user all the time they are logged in.

Two-factor email reminders

If anybody has bitcoins in their wallet and never activated two-factor authentication a reminder email is sent.

1 comment:

  1. Login Guard does not work, I have been locked out of my account for hours and have had so many orders expire due to this. I am not receiving the emails for verification, please fix this soon.


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