US Department of Commerce Wants To Help You Remember Your Passwords

April 21, 2011
Cyber Security, FedCyber Wire
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via Uber Review

Worried about remembering your passwords? If you are a US citizen you need not worry much longer because the US Commerce Department has just disclosed plans for a national cyber-identity system that will let you use a single secure password and identity for all of your digital transactions. Of course there is a catch, but we will get to that at the end.

According to Fox News the National Strategy for Trusted Identities in Cyberspace (NSTIC) will be an opt-in system that is designed to protect users from online fraud and identity theft — both serious problems in the United States where 8.1 million were affected by one of the aforementioned crimes last year for an estimated total cost of $27 billion.

Commerce Secretary Gary Locke explained to the US Chamber of Commerce:

“Passwords just won’t cut it here. We must do more to help consumers protect themselves, and we must make it more convenient than remembering dozens of passwords”.

The new NSTIC “identity ecosystem” will create secure online IDs for Americans who opt into the program. According to the Department of Commerce, it will allow users to use their “single credential” to log into their various accounts with “far more security than a password alone would provide.”

It seems that the log-in would be made via a device, rather than a simple password — the folks behind NSTIC have said it could be done by smart card, cell phone, keychain fob or another type of device — or combinations of the above for those that want them.

Continued here.