U.S. Commerce Secretary Gary Locke and White House Cybersecurity Coordinator Howard A. Schmidt are in Stanford, Calif., today at the Stanford Institute for Economic Policy Research to discuss the Obama administration’s efforts to enhance online security and privacy and next steps in meeting the challenges of a growing cyber world, with local industry and academic leaders in Silicon Valley.

The public and private sectors have critical roles to play in creating a system that allows people to complete online transactions with greater confidence that their personal information is safe. Through its forthcoming National Strategy for Trusted Identities in Cyberspace (NSTIC), the administration aims to support private-sector cybersecurity innovations by focusing on establishing identity solutions and privacy-enhancing technologies that will make the online environment more secure and convenient for users and consumers. E-commerce worldwide is estimated at $10 trillion of business online annually.  Release | Remarks  |  Video  |  FAQ