2 March 2016

Steam Security updates Arriving this week

As part of its effort to improve overall Steam account security, Valve has revealed its plans to roll out some new measures. The new updates, coming next week to the juggernaut PC platform, specifically pertain to account security, market transactions, and account restoration. The updates (bullet point list below) will be made available on March 9. Valve says in a blog post that the first two points do not pertain to people who are already using the Steam Guard Mobile Authenticator.

Steam Security Updates Coming March 9

  • Trade hold duration will be increased to 15 days (for long-time Steam friends the duration will remain 1 day)
  • Listing on the Steam Community Market will have a hold of 15 days before an item can be sold
  • Steam Support will no longer restore items that have left accounts following a successful trade or market transaction (a process that previously created duplicates of original items)

These upcoming security-improvement updates come after Steam announced in December 2015 that some 77,000 Steam accounts were compromised every month. Account theft, i'm sure is nothing new on Steam. It's been happening since the platform's first days. But instances of hacking jumped by twenty-fold, or close to 2,000 percent, following the introduction of Steam Trading four years ago.