You have 2 of those security keys. You keep one on yourself like house keys and one in a safe location (like in your safe or inside your favorite pair of Air Jordan). You also need to keep a set of (10) backup keys in case you lost both keys.I never used one. What happens when the dongle gets lost or damaged? You lose access to the account or files forever?
The system is not perfect, but it is intended to slow hackers down. These security measures have been in use for cryto mining and other applications that require high security access verification.