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PayPal introduces security token !!

edi Avatar
9y, 9m agoPosted 9 years, 9 months ago
PayPal introduces security token


http://newsimg.bbc.co.uk/media/images/42567000/jpg/_42567189_paypal203.jpg

Online finance service PayPal, which is used by many people on eBay to pay for items, is introducing a security token to tackle fraud.


The $5 (£2.57) token generates a random, six-digit code every 30 seconds which is then used as part of the login process for the website. Customers will also need to enter their user name and password. PayPal hopes the token will defeat phishing attacks which ask for login details to gain access to accounts.

Read more : http://news.bbc.co.uk/1/hi/technology/6357835.stmhttp://news.bbc.co.uk/1/hi/technology/6357835.stm
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edi Avatar
9y, 9m agoPosted 9 years, 9 months ago
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#1
A good idea, but why should the user have to pay for PayPal's security measures?
#2
The ones made by Verisign aren't too brilliant design wise and are liable to errors which could lock you out of your paypal account.. plus all the token does is prove you have it in your possession..
What's easier? nick a card and use it online with a username and password or nick a big old token that could be pickpocketed more easily and the same info?

Plus its not convenient to carry it around.

Biometrics is a better way to go.
#3
cis_groupie
A good idea, but why should the user have to pay for PayPal's security measures?


Customer pays to protect a business :p
#4
Biometrics to Pay for your 50p purchase from Ebay........very expensive !

It is a good idea in theory - and if it's like the one I have for work, even if it is pickpocketed, it cannot be used !

The randomly generated number is only part of your password, it is very secure.

I.e.

To log in you need:

Username
Personal Pin
Randomly generated number

You input as:

Username: standard username
Password: Pin & randomly generated number
#5
It's not going to be a 50p purchase when this is aimed at business', and biometrics are going to come in anyway. This sort of thing is merely a stopgap.. and without everyone buying one the problem isnt going to disappear.
#6
seancampbell
The ones made by Verisign aren't too brilliant design wise and are liable to errors which could lock you out of your paypal account.. plus all the token does is prove you have it in your possession..
What's easier? nick a card and use it online with a username and password or nick a big old token that could be pickpocketed more easily and the same info?

Plus its not convenient to carry it around.

Biometrics is a better way to go.


You still need to enter your username and password, so if this device is stolen it is of no use on its own.... it provides extra security, it does not replace the existing method.

Biometrics is a more expensive way to go and people have concerns about its use/misuse. Devices such as these are now commonly used by people logging on to corporate VPNs although if they break or are lost there is an obvious disadvantage.
#7
I know you still need your username and pass word thus the "and the same info"
I'm just pointing out that with this cost (unless your are getting the free one as a business user) and the possibility of loss it is hardly secure.
Plus the thirty second timeout can prove problematic if you happen to be a particularly slow typist.
#8
I have a biometric finger scanner on my work lappy to log onto the LAN, then if working from home, I have a Keyfob with a random number on it which I use (along with a seperate username & password) to connect to the works VPN !
#9
It won't stop people buying non existent items. :-( :whistling: :whistling:
#10
seancampbell
I know you still need your username and pass word thus the "and the same info"
I'm just pointing out that with this cost (unless your are getting the free one as a business user) and the possibility of loss it is hardly secure.
Plus the thirty second timeout can prove problematic if you happen to be a particularly slow typist.


The majority of details are not stolen from a person physically, they are stolen by electronic means. Having to also steal the physical device will cut out the vast majority of fraudulant transactions that take place. If you get the device stolen and you also have your username and password with it, well, I suspect you aren't the sort of person that would use on of these enhanced security devices in the first place.

Slow typist - I think you are clutching at straws there. Thirty seconds is more than adequate for people who use a computer to enter 6 digit number :thinking:
#11
dinosteveus
It won't stop people buying non existent items. :-( :whistling: :whistling:


I guess any security system is only as good as its weakest link!!
#12
erics
I guess any security system is only as good as its weakest link!!

Agreed.
To be honest, although this could be a good idea for some people, I think it's a scare tactic gimmick. I use Paypal every day and I've never had any problems.
#13
Same here,

Although my birds mum was stung just last week for £950 !! Someone was buying a laptop with her Paypal account.......
#14
Good idea, but what if it gets lost, goes missing?

How long do you have to wait for another to be sent out? You could lose a fortune in business terms, what if you purchase something and can't access your PayPal account because you can't find your number thingy magingy?

I suppose you still have alternative payment methods until you can get access to PayPal. So yeah all in all it's better than the current system.

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