PayPal Introduces Security Key

PayPal has introduced the PayPal Security Key for its customers at the eBay Live Conference in Boston.

"While PayPal.com remains a trusted and secure environment, the PayPal Security Key allows customers to take their privacy and security into their own hands to help protect their eBay and PayPal accounts against unauthorized access."

The PayPal Security Key is part of the VeriSign Identity Protection (VIP) Network. Consumers can use the key to protect themselves on a variety of financial services and e-commerce Web sites.

"Through the VIP Network,

The PayPal security Key has a one-time fee of $5.00 for PayPal and eBay account holders in the U.S. The key will be available in Germany and Australia with more countries to be added later.