New Internet Banking Security Method

Hi All

Not entirely sure this is 'new' technology, but thought it would be interesting for those that haven't heard of it.

My Bank has just offered me (for $20 anyway) an electronic 'Key' (a piece of electronic hardware) for my Internet Banking account. It has a code that changes every 60 seconds, and you must enter both your (Login + normal password) and the current electronic Key code to access your Internet Banking.

If you lose the Key, you of course have to go through a process to obtain a new one...but for the security it provides - it's worth the 'possible' inconvenience 'if' I lose it. I've ordered one

If you like the idea, I'd be bugging your bank to get something similar.

 

We've had a few for the last year for our business account. $5 per month for business users, and our bank made it mandatory for daily Xfers over $5,000


Mike