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PayPals New Tool To Fight Phishing

I’ve done a couple of posts lately about password cracking and online security, and in your emails and comments I can hear your frustration: What is being done about this online epidemic?

Well, PayPal (one of the most heavily-targeted financial websites) is finally taking steps in the right direction, with a hardware security key that makes cracking your account next to impossible.

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Often called security tokens, a security key is a small piece of hardware that’s designed to be carried with you at all times (typically on a keychain). The device does nothing except generate a different six-digit number every 30 seconds. There’s no way to predict the number at any given time, which is generated by an algorithm on both the key itself and by a matching algorithm on PayPal’s servers.

How PayPal Will Fight Phishing and Password Cracking : Christopher Null : Yahoo! Tech

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