The U.S. digital economy, including financial institutions, needs stronger authentication and security to succeed. That message comes directly from a detailed plan delivered by the National Institute of Standards and Technology.

“Our reliance on passwords presents a tempting target for malicious actors. Consequently, we are making it too easy for those who seek to do harm, whether they be nation-states, well-organized criminal groups, or online thieves,” the Commission on Enhancing National Security’s maintained in its 100-page “Report on Securing and Growing the Digital Economy,” published by NIST.

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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.).

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