TechNoFear said:
poiumty said:
Sgt. Sykes said:
Either way, it will be cracked within a few days.
I don't think you understand what this is. The way identity thieves work is either via trojan, email scam(phishing) or brute force. This is impossible to crack by trojans or phishing, and offers enough protection against brute force to not worry about it.
An effective system against 99% of the thieves out there.
You forgot Man-In-The-Middle attacks, which this system will not protect you against.
1) Steam logins are SSL secured, which mean that you either have to a) be a moron and ignore the certificate warning or b) have a compromised machine.
2) The key is a "One-Time Password," which to me implies that each key will only be valid once, so the attacker will have to crack Intel's key cycling algorithm as well.
It might be possible to develop a trojan that steals the hardware password before it is used (I don't know much about hardware-level security), but it would certainly be more difficult to create than a simple keylogger.
EDIT:
NLS said:
According to the Steam beta announcement, you will have to enter a one-time code sent to you by email the first time you login from a new location.
So changing computer is no problem, but you will need access to your email(which you obviously should have).
This means that Valve's machine-specific security will join the long list of things that are only as secure as your email account.