PRIVO – Privacy Vaults Online Inc. – was established to enable web sites to comply with COPPA – the Children’s Online Privacy Protection Act. Denise Tayloe, co-founder and CEO of PRIVO, spoke with Regarding ID’s Gina Jordan about the pilot award for the National Strategy for Trusted Identities in Cyberspace. Tayloe says the company will establish a Minors Trust Framework with 50 different relying parties. “It’ll create an online identity trust model compliant with COPPA and the new rule update, and then other nuances around children – transactions on the Internet,” Tayloe says. PRIVO was awarded $1.6 million for the first year of the pilot. If the company meets its milestones, it’ll get about the same amount for year two.
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