Make your PayPal account more secure - Canadian TV, Computing and Home Theatre Forums
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post #1 of 63 (permalink) Old 2010-03-15, 09:32 AM Thread Starter
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Make your PayPal account more secure

If you are a regular PayPal user but are concerned about the integrity of your account, then you may want to consider an extra layer of protection by using something called the PayPal security key.

I use one of these keys and highly recommend them. For $5, it ensures that someone with your PayPal password can't get access to your account



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post #2 of 63 (permalink) Old 2010-03-15, 12:27 PM
 
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sounds like a good idea, especially if you have entered a lot of banking information into your paypal account.

is there a shipping cost ?
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post #3 of 63 (permalink) Old 2010-03-15, 01:01 PM Thread Starter
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I don't recall paying any shipping cost but that could have changed. Search on "security key" on the PayPal site and you will get information on it along with an FAQ page.

I'm surprised at how many people are unaware of it but I recommend it to anyone who uses PayPal a fair bit.



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post #4 of 63 (permalink) Old 2010-03-15, 01:46 PM
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Great idea!

I'm going to sign up for one right now.

UPDATE: $5.00 Canadian, no shipping fee. Takes about 10 business days according to the site.
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post #5 of 63 (permalink) Old 2010-03-15, 03:10 PM
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It looks like you can use the same security key for eBay - has anyone tried this?
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post #6 of 63 (permalink) Old 2010-03-15, 04:06 PM
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Doesn't eBay belong to Paypal somehow? If so, the key should work with them as well.

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post #7 of 63 (permalink) Old 2010-03-15, 04:39 PM
 
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Quote:
Originally Posted by hugh View Post
I don't recall paying any shipping cost but that could have changed. Search on "security key" on the PayPal site and you will get information on it along with an FAQ page.

I'm surprised at how many people are unaware of it but I recommend it to anyone who uses PayPal a fair bit.
thanks. ordered mine.
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post #8 of 63 (permalink) Old 2010-03-15, 06:05 PM
 
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Originally Posted by Tezster View Post
It looks like you can use the same security key for eBay - has anyone tried this?
I have the security key attached to both my eBay and my PayPal account. Got it for $5, free shipping, well worth the investment.
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post #9 of 63 (permalink) Old 2010-03-15, 07:22 PM
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I use the SMS option. To login to the account, you first have to get an SMS sent to your phone with a one time code, and then enter that code during the login process. Works pretty well, and doesn't cost anything.
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post #10 of 63 (permalink) Old 2010-03-15, 08:22 PM
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I use the SMS option as well. Just don't need anything key fob to have to put somewhere.
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post #11 of 63 (permalink) Old 2010-03-16, 09:06 AM
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So with this key (which I ordered last night, thanks to DHC), does this mean if someone got a hold of my password and nickname, they wouldn't be able to go nowhere unless they had the key?

What if they ordered a key as well, is the key attached to your nickname or I can use anybody's key to get in my paypal account?

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post #12 of 63 (permalink) Old 2010-03-16, 11:37 AM
 
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I find it funny that Paypal makes you pay to have your account more secure because they can't keep their site secure. I wonder how long it will be before banks start making you pay to get your bank account more secure?
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post #13 of 63 (permalink) Old 2010-03-16, 11:41 AM Thread Starter
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Quote:
does this mean if someone got a hold of my password and nickname, they wouldn't be able to go nowhere unless they had the key?
Correct. In addition, to your password and username, you are required to enter the 6 digit code on your security key. In the case of rpr and JohnnyCanuck, they have a security code sent to them on their phone which eliminates the need for the security key. Either method is good.

The security key is tied to your account so you can't use it to access someone else's account.



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post #14 of 63 (permalink) Old 2010-03-16, 12:19 PM
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I wonder what happens if someone has mulitple accounts that use this? Is it possible to use the same key with multiple accounts?

BTW, I first came across these in conjuction with VPN access for a customer, when I was at IBM a few years back.
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post #15 of 63 (permalink) Old 2010-03-16, 12:33 PM
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This type of two-tiered authentication is very common in the corporate and banking world in terms of providing added security for remote users accessing internal networks and any type of (web) portal used for intra-bank financial transactions; it's only recently that this technology is starting to make its way to consumers.

The only problem I see is that you don't want to be carrying around a unique key fob for every secure site you have an account for - a keychain would get pretty unwieldy in no time! One solution is software tokens, but that presents another set of challenges.
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