Verizon, Criterion Systems Team Up to Develop Secure Online Identity Solutions
A team of leading online-identity and technology providers, led by Criterion Systems and including Verizon (NYSE: VZ), has been awarded a federal grant to develop a pilot program to test new solutions that will create a seamless, more secure online identity system. The new system will help enhance the protection of Internet users from identity theft and cybercrime.
The grant funding is provided by the National Strategy for Trusted Identities in Cyberspace, a public- and private-sector initiative launched by the White House in 2011, which is working to create an Internet-identity ecosystem that improves the privacy, security and convenience of sensitive online transactions. The initiative is part of the U.S. Commerce Department's National Institute of Standards and Technology.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.