Online payment service PayPal announced Monday that it has added a new layer of security for mobile phone users. The PayPal SMS Security Key gives users the option of receiving a unique six-digit security code via text message prior to logging in to their accounts. According to the company, the SMS (Short Message Service) security key generates the code every 30 seconds. Members will be required to input the code along with their usernames and passwords to sign in to their accounts.
PayPal's chief information security officer, Michael Barrett, believes this form of two-factor authentication, in which you need … Read more