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PayPal to offer security key fobs for additional account protection

Darren Murph
01.15.07
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For every stupendous scam that crafty / immoral individuals pull off on eBay, there's at least a couple phishing scams out there trying to jack your precious eBay or PayPal password and access your hard-earned dollars. PayPal is readying a VeriSign security key that will resemble the RSA SecureID we corporate workers are all too familiar with with, and will sport a monochrome LCD screen that rotates a six-digit password every 30 seconds. Clients who opt to use this device will be able to enter it along with their usual username / password credentials when logging in, which would prevent scammers from accessing their account without the key fob in hand. The firm has been testing the device with employees for "several months," and plans to start trialing it with customers "within a month or so." Personal account owners in America, Germany, and Australia will eventually have the option of picking one up for a one-time fee of $5, while business accounts will receive the unit gratis, but if you're not savvy enough to pass on by those tempting scams, five bucks could be a small price to pay to keep your cash out of strangers' hands.

[Via jkOnTheRun]

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