Lloyds steps up online security

Lloyds TSB is to trial a new security system for online banking customers, in an attempt to beat internet fraud.

About 30,000 customers will receive keyring-sized security devices, which generate a six-digit code to be used alongside usernames and passwords.

The code, which changes every 30 seconds, could help fight fraudsters who hack people's PCs or use "phishing" emails to steal login details.

Similar systems are already in use in Asia, Scandinavia and Australia. BBC NEWS | Business | Lloyds steps up online security

Linked by shanmuga Friday, 14th October 2005 6:55AM