. >>> wednesday howard schmidt white house cybersecurity coordinator and a special assistant to the presidentthe president's national security for trusted identity in cyberspace released earlier this month. this national strategy seeks to improve personal information security in cyberspace and e commerce. he made these remarks at a summit hosted by the visa credit card company. from the renaissance hotel in washington, d.c., this is half an hour. >> thank you very much. >> thanks to all of you for inviting me here today to participate in this very important event. it's wonderful to see so many people gathered in one place looking at issues i think we all not only benefit from as a society but also fully recognize there's a lot of challenges when it comes to technology and security, privacy and trust right now curious, my comments today are going to be fashioned very specifically about one narrow piece of this and i think there is no other group better positioned to help society, held the commerce and held the government in working on a common problem and i'm going to talk about the national s

. >> now, howard schmidt, the special assistant to the president. he spoke at a global security summit. this is about 25 minutes. >> thank you very much for the kind introduction. thanks to all of you for letting me participate in this event. it is wonderful to see everyone gathered in one place to look at these issues that would benefit from and recognize that there are many challenges when it comes to security and privacy right now. my comments will be about one piece of this, and we will be in better positions to help society and help commerce, helping the government, in working on a common problem, and i will talk about the national strategy, and the identities in cyberspace. anyone here who has ever been in government, there is no shortage of acronyms. there are seven or eight different things, like mstat, but this is the mstic. for those not familiar with my office, shortly after being inaugurated -- they put me in charge of cyber security. and they still have this and the national security council. this is one of the key things that really se