PayPal hopes it's got the key to thwart phishing


Over the next few months, Ebay Inc. will be offering its PayPal users a new tool in the fight against phishers: a $5 security key.

The PayPal Security Key is actually a small electronic device, designed to clip on to a keychain, that calculates a new numeric password every 30 seconds. PayPal users who sign up to use the device will need to enter their regular passwords as well as the number displayed on the key whenever they log in to the online payment service.

"The key is really going to give users one more layer of security for their accounts," said Sara Bettencourt, a PayPal spokeswoman. PayPal hopes it's got the key to thwart phishing

Linked by shanmuga Friday, 12th January 2007 2:23AM