google/AFP ^ | 4/15/2011 | Chris Lefkow
Posted on Saturday, April 16, 2011 8:22:20 AM by lowbridge
The White House unveiled a plan on Friday designed to boost confidence and business in cyberspace through the creation of a single, secure online credential.
"By making online transactions more trustworthy and better protecting privacy, we will prevent costly crime, we will give businesses and consumers new confidence, and we will foster growth and untold innovation," President Barack Obama said in a statement.
"That's why this initiative is so important for our economy," Obama said.
The National Strategy for Trusted Identities in Cyberspace (NSTIC) proposes the creation of secure and reliable online credentials that would be available to consumers who want to use them.
It would be private-sector driven and participation would be voluntary.
The "identity ecosystem" would involve the use of a single credential -- unique software on a smartphone, a smart card or a token that generates a one-time digital password, for example, -- and would eliminate the need to remember multiple passwords.
(Excerpt) Read more at google.com ...
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