Monday, January 15, 2007

Will Paypal Security Give Us eBay Security As Well?

* picture courtesy of Engadget

As reported by Engadget:

PayPal to offer security key fobs for additional account protection

... 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. It 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. [PayPal] 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.

This is exactly what I have been hoping PayPal would release. Now if eBay would only do the same. (And offer Powersellers and "Powerbuyers" the same free key fob.) Hopefully ... because the two entities are related we'll see integration of this program with ebay & Paypal. It's long overdue ... I get nearly 10 very well crafted phishing emails a day.

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