We all agree that working with Steam and buying on the platform is probably the coolest turning point the history of gaming. Smart offers cheap prices and tons of stuff that are sure to make you visit worthwhile. But how secure are these online transactions? Steam restructures security measures after hijacks, leaving the users to ponder upon the idea of safe transactions.
According to a statistic released by Steam representatives, it would seem that each month nearly 77000 accounts are being targeted by hackers. Their main targets are the numerous trade-offs being performed on Steam each day. Whether the hackers obtain these privileges by preying on naïve Steam users or if there is an actual breach in Steam’s security protocol, no one could say for sure.
But the threat itself is very real. Each day, Steam users trade item and cards via the online platform. The catch is that you are actually capable of trading certain items or cards for real money. Usually, this happens if you either participate in gaming event or you simply buy a specific game. It would seem that these transactions have a certain glimmer to them capable of attracting various nefarious individuals keen on making a profit.
Users are usually tricked, during the transaction itself, into clicking on some suspicious pop-ups that redirects them to some obscure internet pages. It would seem that everybody agrees that this is, in fact, the hackers MO.
Steam restructures security measures after hijacks in order to further strengthen their security protocols. In the light of this, Valve announced that they will be forced to introduce what they call a two-factor authentication system. While offering a higher degree of security to all online transaction, the new system may also exclude several Steam users who do not possess a compatible smartphone.
As for the system itself, Valve had the courtesy of explaining the process a bit. Apparently, each time you wish to make a transaction, be it item swapping or cards trading, the platform will require a specific string code. This code can only be obtained via a paired mobile device. Users will have to install this application on their phones. Once the app is fired up, it will provide the user with a unique code, which will stay on the screen for several seconds.
In order to finish the online transaction, the Steam users will have to input the code shown on their mobile devices in the allocated time. That way Steam makes sure that it is really you who wishes to perform the transaction and now someone else. Also, Valve has announced that since November they have introduced a three-day interval between the transaction and its execution. The new security protocol which Valve wants to implement is called Steam Guard Mobile Authenticator.