What is 2FA (Two-Factor Authentication) Handoff?

The Short Answer

2FA Handoff is the process of securely transferring two-factor authentication control from a seller to a buyer during a business acquisition.

2FA (Two-Factor Authentication) Handoff explained simply

2FA Handoff is about securely moving the control of two-factor authentication from the seller to the buyer when a business changes hands. This is a critical step to make sure the buyer can access all accounts and systems without any security risks. It involves updating phone numbers, email addresses, or authenticator app settings linked to the 2FA.

Real-World Example

Transferring Social Media Accounts

Imagine a seller uses 2FA on their business’s social media accounts. During the sale, the seller needs to update the 2FA settings to the buyer’s phone number or authenticator app. This way, the buyer gets full control and can log in securely, while the seller loses access.

Why this matters

This matters because it keeps your business secure after a sale. Without a proper 2FA handoff, the buyer might not be able to access critical accounts, or the seller might still have unauthorized access. It protects both parties and ensures a smooth transition.

JH
Joel HernándezTechnology

Make a checklist of all accounts with 2FA enabled. Plan the handoff for each one with the buyer. This prevents headaches later.

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About Venturu

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We started Venturu because we believe buying or selling a local business should be simpler and more trustworthy. We're building the go-to marketplace that connects sellers, buyers, and expert brokers, providing free core tools to ensure a smoother, more successful experience for everyone involved.

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