Yeah that sounds pretty useless. It should at least shred the previous key at least so any messages are encrypted with no key
Your security is determined by the weakest link in the chain. Most security systems have a recovery system which is weaker than the main system, so their security is only as good as the recovery, usually SMS two factor.
Cybersecurity
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If you ask someone to hack your "friends" socials you're just going to get banned so don't do that.
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