Who doesn't remember MT. GOX and the fallout of one of the largest Bitcoin thefts in history.
What lots of people are not aware is MT. GOX came out with a Yubi key and a One Time Password card to add an extra layer of security when logging to the website.
Its ironic that a few months down the line Mt GOX would shut down due to a breach of their security and a loss of a staggering 850,000 Bitcoins!
It took me a long time to find this collectable rarity, I had to go thru the highways and byways of Bitcoin channels.....as not that many were purchased and the ones that were, were probably discarded.
Regardless, the following is information I was able to get from a coin desk article written in Jan 13, 2014 prior to MT GOX collapsing.
Japan-based bitcoin exchange Mt. Gox has announced some new updates and features to its platform including a one-time password (OTP) card.
This battery-powered password generator is linked to a user's account, and can be used for an additional layer of security, either by storing a unique password or generating a new one every time a user performs actions such as logging in or initiating a withdrawal online.
The card costs $39.99 and is shipping now. For more information about the Mt. Gox OTP card, the exchange has produced a resource guide.
As for the YUBIKEY which is slightly less rare than the card, the following article was written by July 26, 2011 /PRNewswire
After Mt. Gox's database was compromised last month when a user account was hacked, they needed a much more secure solution to offer their customers to prevent another security breach from happening. The YubiKey was attractive to them because it gave them the option to generate the cryptographic secrets and manage authentication themselves plus they were able to quickly and easily deploy an affordable solution to their customers in just two weeks from the breach. As Yubico's software is free and open source, there are no setup fees which enabled Mt. Gox to rapidly implement strong authentication.
"The security of our traders is paramount. Hindsight is 20/20 they say, and if we would have known that the YubiKey security solution was so quick to implement and cost efficient prior to our security breach, we could have saved ourselves and our users a world of headaches," said Adam Turner, Support Team Leader at Mt. Gox. "Having now gone through the process of re-launching our online exchange with YubiKey, we feel that we're now in the best position to offer our customers a secure trading experience. The YubiKey is one very big step towards re-establishing trust and confidence with our traders."
The YubiKey simplifies the process of logging in with a One-Time Password (OTP) token as it does not require the user to re-type OTPs from a display device into the login field of the computer. The YubiKey is inserted in the USB port of any computer and the OTP is generated and automatically entered with a simple touch of a button on the YubiKey, without the need to install any client software or drivers. The rugged, ultra-thin, battery-free, crush safe and waterproof design has also been fundamental to the success of the YubiKey, currently used by a million users globally.
"With the increase in online fraud and security breaches, it is extremely important that companies protect their customer databases," says Stina Ehrensvärd, Yubico CEO. "We are pleased to see Mt. Gox customers can now trade with confidence by using a YubiKey to securely access their accounts."
