Obama Administration Unveils Internet ID Plan

The National Strategy for Trusted Identities in Cyberspace (NSTIC) will be a voluntary system designed to protect consumers from online fraud and identity theft — which hit 8.1 million people last year, at a total cost of $27 billion. The problem: The current system of half-remembered passwords jotted down on post-it notes and based on pets and maiden names simply isn’t good enough.