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> Not if it also steals the 2nd factor.

Sure, but isn't that the point? There's now a second thing they have to steal, and if they only get the first it's pretty worthless, especially if there's monitoring/alerting in place that prompts a password change and/or locks your accounts pre-emptively.



As phishing usually includes impersonating a website and making the victim believe they are giving their credentials to the original service, I think it is implied that most victims would willfully provide their second factor, when asked for it.

So, in case of phishing that's not the point. If you're actively logging in yourself a second factor doesn't prevent the attacker from gaining access.




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