The White House made a big statement about (digital) identity theft on Friday, with U.S. Secretary of Commerce Gary Locke announcing a public-private sector effort, National Strategy for Trusted Identities in Cyberspace (NSTIC). “The administration hopes to see a robust trusted ID market in the U.S. in three to five years,” according to PC World.
The trusted ID technologies described in NSTIC would allow online users to dump passwords in favor of credentials that can be used on multiple websites. The Obama administration hopes that multiple trusted ID technologies will emerge, officials said.
In order to justify this initiative, the Commerce Department presented faulty “logic” which was regurgitated by PC World: