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.
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