The U.S. National Institute of Standards and Technology (NIST) has announced plans to establish the National Cybersecurity Center of Excellence in Maryland.

"The center will be funded with $10 million of NIST’s budget for 2012 and co-sponsored with Montgomery County, Md., and the State of Maryland," writes Threatpost's Christopher Brook.

"'Cyber crime hurts individuals, businesses and government agencies. We want to bring together the best minds and provide them with the best tools to create and test solutions that will make online transactions of all kinds safer,' said NIST Director Patrick Gallagher," Brook writes.

Go to "NIST, Maryland Plan New Cybersecurity Center" to read the details.

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