On Friday, the Obama administration will unveil the National Strategy for Trusted Identities in Cyberspace (NSTIC) which is intended to create a marketplace in secure online credentials. Commerce Secretary Garry Locke, White House cybersecurity coordinator Howard Schmidt and Senator Barbara Mikulski (D-Md.) will be present at the strategy’s unveiling at the U.S. Chamber of Commerce. By creating more consistent standards for password creation and online identification, the administration is hoping transactions will be faster, safer, and more private.

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