Additional protection for your PayPal funds
You may recall that not too long ago I reported that my brother's PayPal account had been compromised and that he had been taken for well over $1,000. The crooks accessed his account through the log-in and transferred funds out of his business checking account (the account tied to his PayPal). So even though he had less than $100 in his PayPal account, they were able to access a chunk of his business checking balance due to the link.
Transferring money out of your PayPal account and into your bank is not sufficient protection from fraudsters and crooks.
It took quite some time (weeks), but his funds have now been restored. As a part of that process, we also learned that PayPal offers an enhanced level of security known as the "PayPal Security Key". This security key system can use a hardware token or a mobile phone for an additional layer of log-in security.
A hardware token is a small electronic device that you carry with you. Most come in the form of a "keyfob" which can be connected to your keychain. The keyfob generates a new 6-digit number every 30 seconds and you use that number in addition to your login ID and password to enter your account.
The cost? Just $5.00 for the security key hardware token, the mobile phone security key setup costs a big, fat ZERO dollars. All you have to do is activate it, and there are no ongoing costs.
To me, having seen my brother go through this recovery process makes adding this additional layer of security a true "no brainer". I encourage you to check into the added protection.
Here's a short demo:
securitykey_us
Transferring money out of your PayPal account and into your bank is not sufficient protection from fraudsters and crooks.
It took quite some time (weeks), but his funds have now been restored. As a part of that process, we also learned that PayPal offers an enhanced level of security known as the "PayPal Security Key". This security key system can use a hardware token or a mobile phone for an additional layer of log-in security.
A hardware token is a small electronic device that you carry with you. Most come in the form of a "keyfob" which can be connected to your keychain. The keyfob generates a new 6-digit number every 30 seconds and you use that number in addition to your login ID and password to enter your account.
The cost? Just $5.00 for the security key hardware token, the mobile phone security key setup costs a big, fat ZERO dollars. All you have to do is activate it, and there are no ongoing costs.
To me, having seen my brother go through this recovery process makes adding this additional layer of security a true "no brainer". I encourage you to check into the added protection.
Here's a short demo:
securitykey_us
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Kind Regards
Richelo Killian
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