Increased Account Security: Two-factor authentication provides an additional layer of security beyond traditional username / password combinations. It requires users to provide a second form of authentication which can be via SMS, email or a third-party application. 

Mitigation of Password-Based Attacks: Password-related attacks, such as phishing, credential stuffing, and brute force attacks, are prevalent security threats. Two-factor authentication mitigates the impact of these attacks by adding an extra barrier that attackers would need to bypass. Even if an attacker manages to obtain a user’s password, they will still need the second factor to gain access, making it significantly harder for them to compromise the account. 

Protection Against Stolen Credentials: Many security breaches involve the theft or compromise of user credentials from one platform or service. With 2FA enabled, even if an attacker obtains a user’s username and password from one source, they would be unable to access the account without the second factor. This prevents unauthorized access and reduces the risk of account hijacking. 

Safeguarding Personal and Sensitive Information: Two-factor authentication adds an extra layer of protection to personal and sensitive information stored within user accounts. This might be practical since many regards their electrical consumption as private data. By requiring an additional authentication factor, 2FA helps ensure that only authorized individuals can access and interact with sensitive data. 

With two-factor authentication, you can significantly enhance the security of your user accounts, and reduce the risk of unauthorized access and data breaches.