US Cybersecurity Czar Howard Schmidt has proposed the creation of an online “identity ecosystem” to secure financial transactions in cyberspace.
The ecosystem – which was outlined in the Obama administration’s (draft) National Strategy for Trusted Identities in Cyberspace (NSTIC) – also envisions the “voluntary” use of smart identity cards for authentication purposes.
“[The] Identity Ecosystem [would allow] individuals and organizations to complete online transactions with confidence, trusting the identities of each other and the identities of the infrastructure that the transaction runs on,” Schmidt explained in an official blog post.
