Wednesday, January 10, 2007

Paypal Testing New Device to Beat Phishing Scams

Paypal is currently testing a new device to help keep user accounts secure. The Paypal Security Key is a small pocket sized device that generates a unique six digit security code every 30 seconds. Users enter the security code when logging in to their Paypal or Ebay accounts with their regular user name and password. The code used to sign in expires every 30 seconds, providing a higher level of security.

The device may be ordered from Paypal for a one time $5.00 fee. Business accounts are exempt from the fee. The key uses a two-factor authentication system which was designed by Verisign

For more information and demo:

No comments: