07 December 2020

Crypto Wallets | Two-factor authentication

Written By Viktor Gergely and Bryan Hunt

Crypto Wallets | Two-factor authentication

Cryptocurrency systems and applications are not under central regulation, and the openness of this world implies a large number of attacks against the various digital currencies. When your user authentication is enhanced by means of two or multi-factor authentication (2FA or MFA) in addition to your username and password, you may feel that access to your wallet is secure. Is this necessarily true? Find out on the Erlang Solutions blog.

The aim of the scenarios in this blog post is not to encourage malicious activity, rather to show the vulnerabilities of crypto wallet sites where authentication and credential modification are based upon a particular set of approaches. Based on our growing presence and experience in fintech services, we are happy to help you with analyzing and improving the level of security of your existing system, or building a system that complies with the up-to-date security standards.

READ THE FULL ARTICLE

 

Up Next ...
20 April 2021

AI vs. Financial Crime – Fight Against Money Laundering (AML) and Bad Actors

Written By: Code & Pepper

Anti-money laundering (AML) AI is used to fight financial crime and secure apps’ reputation. After all, financial technology is all about trust. How is it done and what...

20 April 2021

Codat partners with CannyCo

Codat has partnered with FinTech Alliance company, The Canny Technology ...

20 April 2021

Mastercard acquires digital ID business Ekata for $850mn

Mastercard is buying Ekata, a digital identity verification company that ...

20 April 2021

UK leads Europe in digital currency maturity

A new report by PwC shows the UK is ahead ...

More in FinTech

Codat partners with CannyCo

20 April 2021

Codat has partnered with FinTech Alliance company, The Canny Technology ...

Chancellor sets out “ambitious” FinTech plans at UK Fintech Week 

19 April 2021

Kicking off UK Fintech Week, Chancellor Rishi Sunak has unveiled ...

Goldman Sachs invests £50mn in Starling Bank 

19 April 2021

The UK’s leading digital bank, Starling, has gained £50mn investment ...

PwC’s new marketplace brings together 10 leading UK FinTechs

15 April 2021

PwC has unveiled a new FinTech marketplace which includes 10 ...

Articles FinTech

FinTech - The Modern Economy

19 April 2021

Fintech is the technological revolution changing the way we do finance. It is also an outstanding Br...

White Papers FinTech

FinTech Trends for 2021 - What will 2021 bring us in FinTech Innovation?

14 April 2021

So what will 2021 - and beyond - bring us in FinTech innovation?Central Bank Digital Currencies? - p...

Articles FinTech

FinTech for All - Ensuring that everyone benefits from innovative financial services

13 April 2021

The UK’s FinTech sector is booming. Investment into UK FinTech is at record highs, accounting for ov...

Articles FinTech

FinTech Focus - KPMG explore the dynamic and growing UK FinTech sector

13 April 2021

KPMG's Pulse of fintech research is tracking the dynamic and growing UK fintech sector. With a lack....

Northern Powerhouse Virtual FinTech Mission Programme

Northern Powerhouse Virtual FinTech Mission Programme

04 March 2021 - 30 April 2021

04:00 PM - 12:00 AM

Webinar, online, Erlang Solutions, London, E1 8PY, UK, UK

Free
UK FinTech Week 2021

UK FinTech Week 2021

19 April 2021 - 23 April 2021

12:00 AM - 12:00 AM

Online, ., ., ., .

Free
UK FinTech Week 2021 Featuring IFGS

UK FinTech Week 2021 Featuring IFGS

19 April 2021 - 23 April 2021

08:00 AM - 08:00 AM

Online, ., ., ., .

Free
The Bristol & Bath FinTech Cluster Showcase

The Bristol & Bath FinTech Cluster Showcase

22 April 2021

10:00 AM - 11:00 AM

Online, ., ., ., .

Free