Some users have recently had their accounts hijacked. It seems that the now defunct EVGA forums might have compromised your password there and seems many are using the same PW here. We would suggest you UPDATE YOUR PASSWORD and TURN ON 2FA for your account here to further secure it. None of the compromised accounts had 2FA turned on.
Once you have enabled 2FA, your account will be updated soon to show a badge, letting other members know that you use 2FA to protect your account. This should be beneficial for everyone that uses FSFT.
It just gives more power to your cpu so basically you can OC farther. From what I know the two main killers of CPUs are heat and highvoltage. I tend to keep my voltage under or around 1.85v , though I've seen some people run 2.2v though they were on prommies. I don't think there will be much risk in damaging other componets besides your CPU.