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And once they swap the victim's authenticator to their device the API key isn't needed anymore they can confirm the trade themselves through the swapped app.
I do so think an additional hurdle in obtaining an API key would save some people the headache of being scammed. It's not a silver bullet (there's none TBF), but it's another stick in the scammers wheels.
And one with very little impact on how people operate with Steam daily.
>>>>>>>>>>>> API Key registered to your account
Someone with access to your Steam Account, ********, requested a new Web API key.
If you did not request this key, or are not sure how this is used, please change your password now.
This key is not needed to log in to Steam or any website. It can access certain account-specific data, including viewing trade offers. API keys are only used by automated systems that communicate with the Steam web programming interface.
Your request was observed from: Khimki, Moskva, RU <<<<<<<<<<<
It'd then be Enter
Username
Password
Steam Guard code
Please confirm the Api key creation that has just been sent to you as this is required to be able to use our site fully
Steam could add 100 hoops....sorry security measures and phishing sites will just add more requests for each of them and all the ignorant users will continue to ignore every warning and basic internet safety advice and do what the phishing sites tell them