Reply to post: Is this really 2FA?

Is this really 2FA?

I don't really understand how these mechanisms can claim to be 2FA, if the second factor can be reduced to a piece of information that can be digitally duplicated into your LastPass. It's two things you know: your password and the seed value. Thats 1FA, not 2FA.

For it to be a real "something you have" factor, the key needs to be hidden inside some kind of hardware, like an RSA key or one of those bank PIN devices.