Paypal Provides Hardware Solution To Phishing

Paypal is developing security hardware to protect its customers against phishing and other malicious attacks. The new Security Key generates a unique one-time-use password every 30 seconds, which is used together with a username and password to log into an account.

The key provides an additional level of security, protecting the account even if a phisher has accessed the username and login details.

The Security Key is small and portable – it can be kept on a key chain to ensure that it is always to hand. 

The key is available for a one-time non-refundable fee of $5.00.