Friday, June 15, 2007

PayPal and VeriSign Hit A Home Run!

I had a chance to sit down with VeriSign yesterday and discuss the new PayPal Security Key, I have to say I was impressed. I think this technology will serve as an extra level of protection for PayPal and eBay users and I envision this technology becoming the standard in online security.

Over the years the bad guys have stepped up their efforts to get your money, now with the PayPal Security Key you can stop them in their tracks. The Security Key is a simple but highly effective tool for fighting phishing and account takeovers.

Here's how it works:

The Security Key generates a six-digit code every 30 seconds, this is a code that only you know because the Key is in your posesstion. After you log in the code expries and no one else can use it. On the PayPal home page log-in like you always do entering your name and password, you will then be taken to a new screen where you will enter the current code that has been generated by the Security Key, click the Login button and you are all set. The security code you used to log-in will expire and the Security Key will generate a new number next time you want to log in.

Just attach the Security Key to your key chain or place it in your wallet or purse and you are set to go. You will need the key to log-in to your account in the future so make sure you have it available.

Your online accounts need to be protected from the bad guys. The PayPal Security Key adds an extra level of security to your online accounts. Also if any of your other online accounts are members of the VeriSign VIP network the Security Key will work for those accounts as well. In my opinion this is a tool every buyer and seller needs to protect their PayPal and eBay accounts.

Rajiv Duta, President of PayPal announced the official launch of the PayPal Security Key yesterday, after a successful Beta test with over 100,000 users. If you are still at eBay Live drop by the VeriSign booth to check it out first hand.

You wanted better security for your online accounts and now you have it.

1 comment:

Sue said...

I would have been more impressed if they would have known straight off whether it works outside the US yet (it doesn't).