iCloud Keychain has nothing to do with this two factor authentication thread we're talking about here. Two factor authentication adds another layer of protection to your Apple ID. Not only does it require the password for your Apple ID; it also requires you enter a security code shown on any or all of your trusted devices or a text-capable cellular phone you've added when setting up two factor authentication. If you do not have any of these then a recovery key is required to unlock your Apple ID. The recovery key is generated at random by Apple when setting up two factor authentication. iCloud Keychain however is a vault if you will where all your usernames and passwords, contact information and credit cards are stored in iCloud. This involves a different kind of two factor authentication; your Apple ID password and a security code which can either be the same as your device's passcode or one you choose. Either way you still have to verify your identity by entering another code they send to your text capable cellular phone. Sorry for the long reply but I hope you get the idea!

On 12/12/2014 18:42, Christina C. wrote:
Thanks, on my iPhone I do have keychain turned on. In iCloud settings, 
keychain, advanced, it says that I have approve with security code turned on. I 
might remember choosing this but I don’t remember ever getting a code and being 
prompted to save it in a safe place. How do I go about getting this code? Or, 
maybe I should turn it off and go with a security question. I feel so confused 
but I am so happy to be informed or at least I am working to be informed. :)

Christina
On Dec 12, 2014, at 10:36 AM, Teresa Cochran <[email protected]> wrote:

Hi, Christina,

The iCloud passcode is set up when you activate Keychain for storing your 
passwords. I don't know how two-step verification works if you don't have one. 
It may prompt you to set one up.

Teresa

"We can see with the eyes, but we see with the brain as well, and seeing with the 
brain is often called imagination."--Oliver Sacks

On Dec 11, 2014, at 8:49 PM, Christina C. <[email protected] 
<mailto:[email protected]>> wrote:

Hmmm, I don’t remember being given an option of two different ones. I just 
signed up years ago in iTunes when I started buying music from apple and didn’t 
have an iPhone or anything, than when iCloud came out it seems like I remember 
just signing in with my iTunes account which I guess is the same as my apple 
ID? I’m pretty confused. I don’t remember apple asking me if I wanted them 
different or the same. :)

Thanks,
Christina
On Dec 11, 2014, at 9:37 PM, Neal Ewers <[email protected] 
<mailto:[email protected]>> wrote:

Christina. You can certainly have them be the same. Some people choose not to 
do that, but, as I said, you can choose to have them the same if you wish.

Neal


From: [email protected] <mailto:[email protected]> 
[mailto:[email protected] <mailto:[email protected]>] On Behalf Of 
Christina C.
Sent: Thursday, December 11, 2014 9:50 PM
To: [email protected] <mailto:[email protected]>
Subject: Re: The dark side of Apple's two-factor authentication

Teresa,

What’s the difference between my iCloud passcode and my account password? I 
thought mine were one in the same. I thought I only had one and it is both my 
apple ID and my iCloud account with the same username and password?

Thanks for any clarification,
Christina
On Dec 9, 2014, at 10:14 PM, Teresa Cochran <[email protected] 
<mailto:[email protected]>> wrote:

What you have to do is provide both your iCloud passcode (not your account 
password) *and your trusted device that you've already set up is sent a text 
message with a six-digit code with a short expiration period. ONLY when you do 
these two steps can you reset your key, hence two-factor authentication. I 
speak from experience, having followed those instructions and reset my key. :)

Teresa


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