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Tuesday, November 24th, 2009

PayPal Security Key: PayPal Hangs Out The “No Phishing” Sign

January 11, 2007 by Mark  
Filed under Finance

To help keep user accounts secure, PayPal is introducing a new password device. Ordered directly from PayPal, the new tool dubbed the “The PayPal Security Key” is a small electronic device which is available to all account holders.

It is a simple 100% effective device which is small enough to hang from your key chain and generates a new unique 6-digit security code around every 30 seconds. The idea behind the ‘Key’ is since the code used to sign in expires twice a minute, accounts become hacker proof. This device changes PayPal accounts to high level security and I recommend all users get one.

PayPal Security Key

The ‘Key’ operates on Verisign’s two-factor authentication system

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2 Responses to “PayPal Security Key: PayPal Hangs Out The “No Phishing” Sign”

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  1. [...] How can these companies offer an increased security package without creating excessive cost or stress on their customers? New solutions are now available and cost effective. PayPal, with 120+ million customers, has just offered to all users a hardware security key small enough to fit on your key chain. That end cost to the customer is just $5 per unit and was originally from VeriSign. [...]



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