My institution requires me to login with 2-step verification for everything. I estimate I do this at least 10 times a day. At one minute per login (a conservative estimate, given how often the process fails) this equals ~40 hours a year. That is a full week of work. I could write a small paper or teach a course in that time. Summing the costs over all university personnel, the annual tax money spent to have people logging into university systems must be amazing. Is anyone budgeting this?