Coinbase to fix 2FA account activity entry freaking out users

Coinbase is fixing a misleading account activity message that has caused confusion and anxiety, making users think their credentials were compromised. Over the past couple of weeks, numerous people have contacted BleepingComputer about concerns that they think Coinbase has a serious security issue. After receiving Coinbase phishing emails or texts, they logged into their accounts and checked the activity log, finding numerous entries stating "second_factor_failure" or "2-step verification failed" with login attempts from unusual locations. Coinbase account activity showing 2-step verification failed message. Two-factor authentication prompts usually occur after a user successfully logs in with their credentials, so they immediately thought that their passwords were compromised and that only 2FA saved them from their account being hacked. This led them to change their passwords, check for malware, and grow anxious over what they believed was a breach. Making matters worse, these u ... Read full article.