Ledger wallets now have a double factor authentication system that allows you to secure accounts from Gmail, Facebook and other platforms.
The Blockchain Ledger security company incorporated a new feature that allows its users to secure accounts in Gmail, Facebook and Dropbox through their wallet devices.
Ledger is one of the leading manufacturers of hardware cryptocurrency wallets. Their devices are known to be highly secure because they allow offline assets to be stored, avoiding cyber attacks or hacking. Now, your devices will have a two-factor authentication system that will allow your users to access their daily applications more securely, such as email.
The wallet company partnered with the FIDO Alliance authentication program to develop a new feature for its devices. This allows the Ledger Nano S and Nano X wallet models to integrate FIDO Universal 2nd Factor (U2F), adding an additional layer of security to the online account login process
FIDO Alliance is an association that is looking to replace passwords with safer methods. Its specific mission is to create authentication rules to “reduce excessive global dependence on passwords,” according to its website. Different major companies such as Google, eBay, Facebook and SoftBank currently use FIDO authentication systems to reduce security risks.
Safeguard Gmail accounts with Ledger
Today, hundreds of services and web platforms, including banks, use two-factor authentication programs. However, Ledger CEO Pascal Gauthier explained to Decrypt, many of these verification systems rely on emails or text messages to access, and these options may not be 100% secure.
Your phone number or email is not something that really belongs to you. They belong to service providers, so account control is always in the hands of a company.
The CEO also explained the operation of the two-factor authentication of FIDO. Before getting started, users need to download Ledger Live – an online system built to manage cryptocurrencies. To install it on the devices, you must select the FIDO U2F application in the “Manager” section.
Next, users will be able to select the compatible services they want to protect, including Google, Dashlane and GitHub. From there, 2FA is activated and the user must access the attached account using both his password and his Ledger device, thus adding an additional layer of security.
In this regard, the CEO highlights:
“When a user configures their device, a unique master private key is created using Ledger’s secure hardware and software. Since all users’ private keys and public addresses arise from the master private key, many accounts or assets can be managed with a single device. “
In case the user loses access to his device, he can restore his recovery phrase in any Ledger hardware wallet and reinstall the Fido U2F application to gain access to his account.