> Based on our studies, your account is more than 99.9% less likely to be compromised if you use MFA. An important thing to remember here is that MFA works with a password. Otherwise, that 99% goes down dramatically because I can just steal your phone/Yubikey/whatever. This article isn't suggesting that we get rid of passwords. It's suggesting that the energy we spend making sure that passwords are good would be bett…
> Otherwise, that 99% goes down dramatically because I can just steal your phone/Yubikey/whatever. If this were true your car would probably get stolen a lot more often. You're less secure from targeted attacks from people who know you IRL but that's a lot rarer than the attacks you'll actually encounter.
But aren't wallet/phone thefts relatively common?
> You're less secure from targeted attacks from people who know you IRL
I'm also not completely certain this is true. If a YubiKey is the only thing securing most people's accounts, I don't need to target you. I can walk into a coffee shop, or locker room, or office and steal as many YubiKeys as I can find.
And then I can check later whether or not any of them are linked to bank accounts. I don't know the stats; are most petty wallet/phone thefts targeted?