April 15, 2011
Originally appeared as Obama Administration Unveils Internet ID Plan in FoxNews.com
Filed under Consumer Privacy
I think there's a model here perhaps for the broader question of cybersecurity ... the Administration, to my view, has conducted a very open process here.
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.