PayPal Introduces Security Token

The online finance service PayPal, which is used by many people on eBay to pay for items, is introducing a security token to tackle fraud. This security token will randomly generate a 6 digits code every 30 seconds, which is used as part of the login process for the website together with their username and password of course.

The introduction of the token was a positive step for PayPal because password security had reached “breaking point”. Security tokens are common in the business world and are often used by companies as an extra security layer when logging in to corporate networks remotely. This would really ensure the security of the daily online transaction, as far as i know there isn’t any news on the success breach on this token. The only inconvenient is customer has to carry the token around unlike the usual password where it is always inside your head

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To me, if is really nessecary then i doesn’t mind carrying a token around me. Is money that we are dealing here. Who would want their money to goes cheated or vanished over by a fraud?

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6 Comment(s) On This Topic

crystal said during February 22nd, 2007 at 6:47 pm

did you deal with paypay before?

boon said during February 22nd, 2007 at 10:46 pm

neh, nvr…but in future will have to loh…but really very impressive on this token thingy, even if is not the 1st time i see it O_O how bout u? have u touch anything on paypal?

crystal said during February 23rd, 2007 at 12:55 am

i registered it but i not sure how they going to send money to me lolzzz

this kind of things i saw before. i used hsbc credit card also need this kind of things to log into their website one

boon said during February 23rd, 2007 at 1:14 am

heheh, my 1st encounter to this token also is from this HSBC credit card, but not mine of course..my sis 😀

i registered too but all i get was just all those spam mail saying i’d bought something and ask me to clarify O_O i ignored it of course~

Crystal said during February 23rd, 2007 at 5:24 pm

lolz
i registered is because of the sponsored ads that i trying to earn from hahahah. but not sure if i manage to get anything or not so difficult. writing is not my “keong hok”. your writing looks very nice. what are you working as? writer perhaps?

boon said during February 23rd, 2007 at 5:43 pm

my aim also for that, but not writing and not now also..
my writing nice? OMG, u really is the 1st who said this! thank you~~ thank you~~~~ neh, i m not a writer, a web developer 😉

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