Treasury Secretary Steven Mnuchin called out private sector innovation, government support, public-private partnerships and decentralization such as the National Strategy for Trusted Identities in Cyberspace when speaking about authentication inadequacies, particularly for financial services.
"The federal government is tech neutral," Mnuchin said in his comments at the Federal Identity Forum & Exposition in Washington.
Despite the federal government being a major deployer of secure ID technology and a key mark for online fraud, it shouldn't develop solutions to guard an increasingly intricate global financial environment, Mnuchin explained. He recommended that the government continue partnering with the industry for resolutions to the cybersecurity issues.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
