PayPal Unveils Security Key

Infoworld reports that PayPal, long a favored target of phishers and email spam, has come up with a measure designed to better protect its customers. For $5, any PayPal customer can order a little security keychain that displays a new password every 30 seconds. When logging into their accounts, those users would have to enter their regular passwords, then look on their keychain and enter the current password from there, too.
It’s a great idea, and one that’s been discussed and implemented on a smaller scale before. I’m glad to see PayPal, which is easilly in the top 5 of all phishing scam targets, take a stand at protecting their customers. Still, five dollars is a barrier to adoption, and if PayPal’s users were interested in protecting themselves, they would have educated themselves, for free, on how to identify a scam (just because a logo is in […]

Original post by Nathan Weinberg