How to Use OneKey to Protect Your Web2 Accounts with FIDO Security

Did you know you can use a OneKey hardware wallet to protect your Web2 accounts too? You can get the same high level of security that Web3 offers.  

Think about it—your Web2 accounts (like Google or Telegram) are just as important, especially if you're a high-net-worth individual. These accounts likely hold a lot of sensitive information, and keeping them secure should be a top priority.  

In this article, we’ll dive into FIDO, the enterprise-grade security standard that many companies are using today. Plus, I’ll show you how to use OneKey's FIDO support, which means you can avoid buying another YubiKey.  

FIDO in Plain English

If you've been around the internet long enough, you’ve probably noticed that a simple password just doesn’t cut it anymore. Everywhere you turn, you’re being asked for codes and verifications.

Here’s why: most people’s passwords aren’t that secure. (Password databases have been leaked time and time again.) That’s why we need extra layers of protection, also known as MFA (Multi-Factor Authentication):  

(1) Something only you know: Like a password or security question.

(2) Something only you have: Like your phone, a SIM card, or a Google Authenticator app.

(3) Something unique to you: Like your fingerprint, face, iris scan, or voice.  

FIDO takes the best parts of layers two and three, combining them into one secured identity standard.  

Hackers can use malware or phishing tricks to break through that first layer by stealing your information or manipulating you. That’s the stuff they can grab from your devices.

But with FIDO-enabled devices, you’ve got an extra shield in layers two and three that can block phishing attempts. Even if a hacker gets through the first layer, they’d still need to steal your actual device and force you to unlock it with biometrics (essentially, they’d have to rob you) to get in.  

In fact, Vitalik Buterin got hit last year when his second and third layers were compromised. His Twitter account was hacked because he was using a SIM card for 2FA instead of FIDO. That left him wide open to a SIM Swap attack.

How FIDO Blocks Web2 Phishing Attacks

(1) The Power of Staying Offline

With FIDO, your security is built on a public and private key system. Even if a hacker gets their hands on your public key, they’re still out of luck—they can’t crack your private key.  

That’s because your private key stays locked down on your device. It never leaves, never gets shared, and it’s guarded by things like fingerprint scans or facial recognition. This makes it way more secure than traditional passwords.  

It’s kind of like how Web3 protects against phishing—you want to keep your private key offline whenever possible.  

If you’re using a hot wallet (one that’s connected to the internet) and your private key is interacting online, you’re opening yourself up to more risks. In a hot wallet, your private key is generated, stored, and used to sign transactions all on a device that’s connected to the internet. If malware sneaks in or hackers gain control of your system, they could steal your private key and take everything.

(2) Stopping Phishing and Replay Attacks:

Phishing attacks usually work by tricking people into handing over their passwords or personal details, letting hackers steal their login info.  

But FIDO doesn’t rely on passwords. No password means no way for phishing to work, cutting off attacks before they even start. It’s like having a built-in safeguard against human error.

And when it comes to replay attacks (where hackers try to copy your login info and use it later), FIDO has you covered there too. Every login request is unique, and your device has to decrypt it using your private key, which is stored offline. Since each login is a one-time thing, hackers can’t just copy and reuse the info.  

In Conclusion

FIDO’s innovative design is exactly what makes it one of the safest authentication methods out there today.  

It’s already being used by major companies like IBM, Google, Apple, Telegram—and even Binance. It’s quickly becoming the go-to standard for secure logins and identity verification. However, adoption is still mostly among global tech giants, with fewer companies in China jumping on board just yet.  

For anyone who takes their online security seriously—especially high-net-worth individuals—we highly recommend using FIDO to boost the protection of your key Web2 accounts.