A transceiver device security system includes a computing device and a transceiver device that is locked for use with computing device(s) in transceiver device use group(s). The transceiver device generates challenge information in response to connecting to the computing device, and causes an interrupt to be transmitted to the computing device to cause it to retrieve the challenge information. Subsequently, the transceiver device receives an encrypted response communication from the computing device that is encrypted with a transceiver device use group private key associated with one of the transceiver device use group(s), and decrypts it with a transceiver device use group public key associated with the one of the transceiver device use group(s) to generate a decrypted response communication. If the transceiver device determines that response information in the decrypted response communication matches the challenge information, it unlocks the transceiver device for use with the computing device.