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Thread: PayPal introduces security token

  1. #1
    temi's Avatar
    temi is offline Facilitator
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    Default PayPal introduces security token

    Tokens are popular in the corporate world
    Online finance service PayPal, which is used by many people on eBay to pay for items, is introducing a security token to tackle fraud.
    The $5 (£2.57) token generates a random, six-digit code every 30 seconds which is then used as part of the login process for the website.

    Customers will also need to enter their user name and password.

    PayPal hopes the token will defeat phishing attacks which ask for login details to gain access to accounts.

    But more sophisticated phishing attacks which also ask for the token passcode and then act on the information quickly, or programs which sit on a computer and monitor PayPal logins, could leave accounts vulnerable to fraudsters.

    full story: BBC NEWS | Technology | PayPal introduces security token

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    OldWelshGuy's Avatar
    OldWelshGuy is offline Super Moderator
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    wherever there is money there is corruption. Money TRULY is the root of all evil, and greed is the fuel that feeds it.

  3. #3
    OldWelshGuy's Avatar
    OldWelshGuy is offline Super Moderator
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    Normally if the price is spectacularly low, you can bet your butt it is to skim card details

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    its good that paypal are still trying to beef up securty and every little helps.

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