Don't use texts for the two factor auth, use the Google's app https://play.google.com/store/apps/details?id=com.google.and... and print out the one time codes when prompted (for when your phone is unavailable for whatever reason).

As a bonus, you can also use it for when logging in over ssh with password http://askubuntu.com/questions/159727/how-can-i-use-a-passco...

Anything can be hacked but it's a really solid system, even against a targeted attack and motivated attacker.

I'd hardly say people routinely bypass Google's two factor authentication (using the smartphone application), which is what I'm suggesting here.

I'm aware of one incident (the Cloudflare hack), but that seemed to be more a vulnerability in the password reset functionality than the authentication mechanism.

SMS verification is less than ideal, though.

Indeed:

http://williamedwardscoder.tumblr.com/post/24949768311/i-kno...

whilst this might be true - I get the feeling this is more of a "targeted attacked" - rather than a target of opportunity. 2factor is surely one of the best options we currently have to secure ourselves?

My phone is a pay-as-you-go Motorola Razr from 2006. How could they hack that to gain access to my two-factor auth SMS code?

Other than stealing the phone, that is.