[LINK] PayPal to combat phishing with key fobs

[Adam Todd]

At 01:07 PM 14/01/2007, Rick Welykochy 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?

I think people will opt in.  NAB reports a very high uptake on the SMS 
registration and pin concept.  This seems cheaper to me, considering you 
can send an SMS for 3 cents :)  (Yeah I know, but banks like to charge!)

But then in my case, we don't have a problem with paypal or banking online. 
I don't enter data into web sites I'm redirected to!