I found this new banner today at Paypal: When clicked on it I reached here and when clicked order security key (costing $5 ) I got the below message. Can anybody help me here. ? any of you ordered for a security key? If yes how is it? Is it available internationally?
i also got same message. but i try to contact paypal thru phone and they said that this feature is currently available only for US paypal account.
O.. OK. Hope this security key will soon be available internationally. Looks like this is a cool feature.
One of the banks back here in the Philippines has already that feature. Could be a good feature if you don't like to change your password forever.
I hope the security key will be a standard of PayPal's security in future time for all transactions of US and International.
Q - How does the PayPal Security Key work? A- The PayPal Security Key creates an account access code by using a complex algorithm that's unique to your key. When you enter that code after you log in with your user ID and password, our secure servers can verify your identity more securely. This helps prevent unintended or unauthorized users from logging in to your PayPal account. Note: The token battery should last up to three years. Hope above info helps you to understand
Basically it allows protection when you login. Normally you just put in your username and password and it logs in, however with the security key you have to use your username and password, then enter your unique code from the security key (which is uniquely generated every 30secs).
got mine a week ago. Works a treat and adds that extra layer of security on top of my 12 bit passwords =)
but if someone hack a account, then will they not get the security key? where will they generate the key for the user?
the random 6 digit code generated is related to the device assigned to you. When you activate the security key you need to enter a unique barcode to your device in order to activate.
Several banks in US and Europe use such a system. Its a device where you login, and it gives you the code you need to enter for login to your paypal account.. I have 3 such devices for 3 of my Norwegian bank accounts. Basically it makes it next to impossible for anyone to get into your account, as this key code ( of several digits) keep changing... A very good tool i must say... I will get it for my paypal account also... DL