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What are the possible disadvantages of two factor authentication?

Fidelia

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Two factor authentication seems to be in vogue now to secure online accounts. And everything is looking like it is all positive as long as two factor authentication is concerned. But I believe it also has disadvantages.

What are the particular disadvantages of two factor authentication?
 
Two factor authentication like everything out there also has it's own disadvantages such as slower logins and the risk of loosing your account if the phone is lost or damaged.
 
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