Watch Webcast Today: U.S. Commerce Secretary Gary Locke, White House Cybersecurity Coordinator Howard A. Schmidt to Visit Silicon Valley to Discuss Next Steps in Cybersecurity

Palo Alto, Calif. – As part of a meeting today with local industry and academic leaders in Silicon Valley, at Stanford University, U.S. Commerce Secretary Gary Locke and White House Cybersecurity Coordinator Howard A. Schmidt will discuss the Obama administration's efforts to enhance online security and privacy and next steps in meeting the challenges of a growing cyber world.

The event will be available at 11 a.m. Pacific Time (2 p.m. Eastern) by Webcast at [link no longer active].

The public and private sectors have critical roles to play in creating a system that allows people to complete online transactions with greater confidence that their personal information is safe. Through its forthcoming National Strategy for Trusted Identities in Cyberspace (NSTIC), the administration aims to support private-sector cybersecurity innovations by focusing on establishing identity solutions and privacy-enhancing technologies that will make the online environment more secure and convenient for users and consumers. E-commerce worldwide is estimated at $10 trillion of business online annually.

Following keynote remarks, Patrick Gallagher, Under Secretary of Commerce for Standards and Technology and Director of the National Institute of Standards and Technology, will moderate a panel discussion with industry CEOs and public policy executives on the benefits and challenges surrounding the implementation of the NSTIC. The event is co-hosted by TechAmerica, TechNet, the Churchill Club, the Stanford Institute for Economic Policy Research and TRUST.