[LINK] PayPal to combat phishing with key fobs

[Alan L Tyree]

On Sun, 14 Jan 2007 13:07:13 +1100
Rick Welykochy <rick at praxis.com.au> wrote:

> http://arstechnica.com/news.ars/post/20070112-8608.html
> 
> "In an effort to protect users from fraud and phishing schemes,
>   eBay subsidiary PayPal is preparing to offer secure key fobs.
>   The devices, which display a six-digit code that changes every
>   30 seconds, will be made available free to all PayPal business
>   users, and will cost $5 for all personal PayPal account users.
>   Those who opt in on the key fob will have to enter the six-digit
>   code when logging in to PayPal."
> 
> Some food for thought for banks.
> 
> The weakness in the PayPal idea is that the fob is opt-in. The very
> people most likely to fall victim to phishing scams are likely not
> to opt-in ... or is that a cynical syllogism?

Rick,
What other technical methods might be used to prevent (or at least
curtail) phishing? Is there some sort of challenge/response approach
using software supplied by the Banks or other targets? I need to look
at some positive suggestions for this EFT Code review.

Alan

> 
> cheers
> rickw
> 
> 
> 
> -- 
> _________________________________
> Rick Welykochy || Praxis Services
> 
> Almost every man wastes part of his life attempting to display
> qualities which he does not possess.
>       -- Samuel Johnson
> 
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Alan L Tyree                    http://www2.austlii.edu.au/~alan
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