Lloyds TSB Trys Two Factor Device

The BBC reports that Lloyds TSB is to trial a new security system for online banking customers, in an attempt to beat internet fraud.

About 30,000 customers will receive keyring-sized security devices, which generate a six-digit code to be used alongside usernames and passwords.

The code, which changes every 30 seconds, could help fight fraudsters who hack people's PCs or use "phishing" emails to steal login details.