New Office to Secure Online Transactions
PRIVACY—U.S.January 10, 2011
Commerce Department Secretary Gary Locke has announced the creation of a national office to secure online transactions, The Hill reports. The office will coordinate the government implementation of the National Strategy for Trusted Identities in Cyberspace (NSTIC), the report states. NSTIC aims to improve consumer confidence in e-commerce. "A coordinated national strategy to significantly improve online trust will put e-commerce on stronger footing," Locke said from a Stanford University event on Friday. Speaking with the Daily Dashboard this morning, Ari Schwartz of the National Institute of Standards and Technology cited the four guiding principles set forth by White House Cybersecurity Coordinator Howard Schmidt and said the move is "about building innovation for trust." And it has to be led by the private sector, Schwartz said. "It has to be voluntary as well."