On Tuesday, Microsoft demonstrated a new software tool aimed at giving consumers a virtual wallet. This wallet will allow users to store their personal information for Internet transactions. Code-named InfoCard, the software will allow consumers to safely manage their identities online, utilising better security by reducing reliance on usernames and passwords.

Microsoft showed how easily a consumer logged onto a car rental site to quickly reserve and pay for an automobile using a card from the virtual wallet.

Speaking at the annual RSA computer security conference, Gates provided a broad overview of how the industry needs to meet what he said were growing cyber threats and that consumers would not embrace technology which is not simple to use.