A security keyfob that changes its password every 30 seconds is being introduced by PayPal to make online payments safer.
A security keyfob that changes its password every 30 seconds is being introduced by PayPal to make online payments safer.
The online transaction company, owned by eBay, is offering the PayPal Security Key for $5 - just under £3 - to customers who want to add an extra level of protection to their PayPal account.
The keyfob generates a different six-digit number every 30 seconds. When you log into your PayPal account, you will need to enter your own password as well as the number displayed on the Security Key at that particular moment.
Because the number is updated so often, anyone trying to use the account fraudulently will have a hard time getting in, unless they are in possession of the keyfob.
The Security Key is still being tested by PayPal employees but is expected to be available to the public in around a month's time.
You can order the PayPal Security Key here.
http://www.paypal.com/
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