The Obama administration has come up with a proposal for both improving and simplifying identity protection for consumers using the Internet, computers, and mobile devices. The plan would greatly reduce the need for consumers to use and remember multiple passwords or fill out separate privacy forms for multiple online accounts.The administration’s National Strategy for Trusted Identities in Cyberspace (NSTIC) seeks to better protect consumers from fraud and identity theft, enhance individual privacy, and foster economic growth by enabling industry both to move more business online and to create innovative services.”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. That’s why this initiative is so important for our economy,” said President Barack Obama when the administration rolled out the plan last month. The final NSTIC plan was released after taking public comment on the proposal.The concept of the NSTIC is simple. Consumers who want to participate in the program will be able to obtain a single credential — such as a unique piece of software on a smartphone, a smart card, or a token that generates a one-time digital… Read full this story
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