Secure Online Identity System Proposal Urged By President Obama

In an effort to increase internet security and privacy, President Obama has proposed a trusted-identity system to boost consumer security over the internet.

As the world drifts into a potential cyber cataclysm when it comes to the amount of data that is unprotected over the internet, governments and officials start to wonder about the state of security. Case in point, President Obama has said that the internet has changed how we conduct business and communicate, therefore, he has proposed that the private sector create a way to increase security for consumers and those who utilize the internet in America.

Cybercrime and data theft has cost billions of dollars every year and virtually sets lives in the wrong direction through online fraud and identity theft. A new plan to implement an online ID system, as outlined in the National Strategy for Trusted Identities in Cyberspace plan, comes just after a proposed legislation that would give web users the right to demand they not be tracked online. The legislation comes off of the heals of Senators John Kerry and John McCain making their proposed online privacy legislation pitch.

Ultimately, such a plan would call on the private sector to create new innovative ways that allows consumers to create a security online ID to enable internet transactions. Essentially, the plan would eliminate the need to store or remember passwords for a number of different sites.

To clarify some of the speculation of this new 'online ID plan', officials have stated that it is not a national ID card or backdoor way for the government to monitor your activity on the internet. The plan will help consumers protect themselves instead of waiting on the consumer to take the necessary precautions. The risk in the new online ID is that if it was compromised, it would be like losing all of the information in your wallet instead of just one single credit card.

The video below explains the situation that a security online ID system would come into play versus the way you conduct business online right now.

I am certain the government and security experts working on this plan will think all things through considering they are after-all attempt to gain the trust of consumers.

Would you want such a 'Security Online ID' issued by our government? Would you feel better about not having to come up with ways to protect your own passwords to multiple sites?