PayPal introduces PayPal Security Key anti-phishing device

[regic]

PayPal is beta testing a new tool to help keep user accounts secure. The PayPal Security Key is a small electronic device that account-holders may order from PayPal. The device, small enough to attach to a keychain, generates a unique six-digit security code about every 30 seconds. Users enter that code when they log in to their PayPal or eBay account with their regular user name and password. Because the numbers on the device change continually, the code used to sign in expires, providing a higher level of security...

PayPal members who want to use the enhanced security feature must order online - once the feature is available - and pay a one-time non-refundable fee of $5. The fee is waived for PayPal Business accounts, and there is no recurring charge. A PayPal spokesperson could not say whether companies who allow multiple employees access to their accounts would be allowed to have multiple keys...

full article: http://www.auctionbytes.com/cab/abn/y07/m01/i10/s02