Posted at 12:06 PM
The U.S. Department of Commerce's National Institute of Standards and Technology (NIST) announced more than $7 million in grants to support the National Strategy for Trusted Identities in Cyberspace (NSTIC). The funding will enable five U.S. organizations to develop pilot identity protection and verification systems that offer consumers more privacy, security and convenience online.
These new pilots build on the successful launch of five NSTIC pilots awarded in 2012. Launched by the Obama administration in 2011 and housed at NIST, NSTIC is an initiative that aims to support collaboration between the private sector, advocacy groups and public-sector agencies. The selected pilot proposals advance the NSTIC vision that individuals and organizations adopt secure, efficient, easy-to-use, and interoperable identity credentials to access online services in a way that promotes confidence, privacy, choice and innovation.
The grants announced today will support privacy-enhancing technologies that help make Internet transactions more secure, including better protection from fraud and identity theft, and are an important step toward giving American companies and consumers greater confidence in doing business online. Release