PayPal implements a phishing additional security system

PayPal online payment service is preparing to provide a new security weapon to prevent data theft and phishing attacks on users.

For the purpose of protecting users and customers from fraudulent behavior, PayPal's new "two-layer" identifier will display the password (including 6 codes) used once every 30 seconds. Users will have to enter the password along with the authorization procedures when logging in.

In fact, this type of security has been provided by some of the major financial corporations in the US to its VIP customers.

Application of VeriSign technology, the new device is provided free of charge to eBay customers with business accounts, and is available for $ 5 for personal PayPal accounts.

Add a layer of protection

According to spokesman PayPal, Sara Bettencourt, the enhanced security measures will make users safer. In case, the account name and password are lost, the thief still cannot access the account because the 6-digit code is not provided randomly.

However, Bettencourt also said that the measure is not "silver bullet" to help prevent fraud in transactions, but it is just an enhanced security method.

The introduction of PayPal's new security system has raised concerns about data scams that are "harassing" eBay and PayPal users. According to eBay, many fake websites are created to trick users into disclosing personal information, mainly credit card numbers and bank accounts.

Many e-mails forged eBay and PayPal are sent, which requires users to provide personal information. The reason for most of these e-mail delays is that the service provider (including banks) is upgrading the database.

eBay and PayPal are the most targeted

Security studies show that eBay and PayPal are the most targeted websites for phishers and data theft. Recently, Google also announced a "blacklist" of phishing sites with the sole goal of eBay and PayPal. Currently the Google blacklist is being used in the Google Toolbar for Firefox and Firefox 2.0 browsers.

According to PayPal, the new security system is being tested, and is expected to be deployed in the next two months. Initially, this tool will be applied in the US, Germany, Australia, and then the UK.