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Electronic Signatures Authentication Method

“Innovation is the ability to see change as an opportunity –not a threat” Steve Jobs on innovating Macintosh OS

Motor cars, the internet, and cryptocurrencies are only a few examples of innovations where adopters were scarce and resistance was high due to the lack of information, vision, safety, and familiarity. Stepping forward and adopting cutting-edge technology is always scary, but those who adopt successful technology early always come out on top.

As digital signatures become more prevalent, there are bound to be concerns about their security. After all, digital signatures are a relatively new technology, and it’s often assumed that the old way of doing things is always better. However, it’s important to remember that the old way was just an attempt to deal with limitations that no longer exist. With digital signatures, we now have a much more secure way of ensuring the authenticity of documents. In addition, digital signatures offer a number of other benefits, such as improved convenience and efficiency. As we continue to move towards a digital world, digital signatures will only become more important. As such, it’s essential that we ensure that they are as secure as possible.

A good example is the dispute over whether to use an electronic signature or a traditional pen-and-paper signature. It’s all too simple to be concerned about cybersecurity and electronic signatures while ignoring the weaknesses in the analogue choice.

In fact, electronic signatures can be more secure than traditional ink and paper signatures. Here’s all you need to know about electronic signatures and security.

Whitepaper: How electronic signatures can improve customer experience?

Pen and paper: outdated and risky

Before the digital era, paper signatures were widely considered to be the most secure method of signing documents and transactions. Compared to digital signatures, which are vulnerable to various forms of cyberattacks and security risks, paper signatures provide a much more reliable means of authenticating identity. To verify signature authenticity, a witness needs only to be present when the signature is made, and in the event that the signature ever comes into question, it can be forensically analyzed by an expert.

Furthermore, unlike digital signatures, which are often stored electronically and can quickly become obsolete, paper signatures can be preserved indefinitely in hard copy form. As such, even in our increasingly digital world, pen-and-paper signatures remain one of the most effective methods for ensuring data security.

If you have a home office, you are undoubtedly familiar with the various security risks associated with paper signatures. From sticky fingers of children and nosy pets to the accidental spill of coffee or an errant gust of wind, it can be difficult to sign paper documents in your home office without worrying about the safety of these valuable documents.

Additionally, paper copies are easy targets for natural disasters like fire or flood, leaving them open to damage and rendering them useless.

Fortunately, digital signatures offer a safer and more secure alternative. By utilizing digital signatures, you gain access to robust cybersecurity measures that help protect your sensitive information from cyber attacks and other security breaches.

Plus, digital signatures eliminate the need for bulky filing cabinets and can help minimize clutter on your desk, making work easier and less stressful. Overall, switching to digital signatures in your home office can provide better protection for all your important business documents, reducing the risk of losing crucial information due to accidents or hazards.

eSignatures: The way forward

E-signatures have the potential to be more secure than paper signatures.

Electronic signatures include multiple layers of security and verification, as well as court-acceptable proof of transaction:

Iron clad audit trail

Unlike wet signatures, which offer no record of a transaction and represent an increased risk for fraud or theft, e-signatures come with an electronic record that acts as an audit trail and proof of the transaction. This digital record includes details such as when the document was opened, viewed, and signed, and it provides a detailed history of all actions taken with the document. Additionally, by keeping this digital trail, e-signatures also help to enhance cybersecurity and protect sensitive information from being intercepted or tampered with.

Whether you are managing business transactions or signing personal documents such as wills and tax forms, the digital record provided by e-signatures can offer valuable peace of mind by providing reassurance that your signature is genuine and the information remains secure. So if you are looking for a more reliable method to sign documents electronically, an e-signature may be the perfect solution for you.

Non-repudiation and tamper evidence:

The digital signing process is used to ensure the authenticity and integrity of electronic documents. Once all parties have signed the document, it is sealed using Public Key Infrastructure (PKI), an industry-standard technology.

This seal verifies the digital signature and indicates that the document has not been tampered with or altered since the date of signing. PKI provides a high level of security and protects against counterfeiting and fraud. It also offers tamper evidence and non-repudiation, which are essential features in today’s digital world. The use of PKI ensures that documents are properly signed and validated, providing a higher level of protection against cybersecurity threats.

Digital Signatures security

Easy Workflows:

Digital signatures are becoming increasingly common as businesses move towards paperless workflows. A digital signature is a cryptographic method of verifying the identity of the signer and the integrity of the document. In order to create a digital signature, the signer’s digital ID is used to generate a unique code that is then appended to the document. This code can then be verified using the signer’s public key, which is available through a digital certificate.

Detailed certificates of completion can include all of this information, as well as additional details about the signer, such as the consumer disclosure indicating that they agreed to use e-signature, the signature image, key event timestamps and the signer’s IP address and other identifying information. This level of detail helps to ensure the security and integrity of digital signatures, making them an essential part of modern business.

Non-repudiation and tamper evidence:

The digital signing process is used to ensure the authenticity and integrity of electronic documents. Once all parties have signed the document, it is sealed using Public Key Infrastructure (PKI), an industry-standard technology.

This seal verifies the digital signature and indicates that the document has not been tampered with or altered since the date of signing. PKI provides a high level of security and protects against counterfeiting and fraud. It also offers tamper evidence and non repudiation, which are essential features in today’s digital world. The use of PKI ensures that documents are properly signed and validated, providing a higher level of protection against cybersecurity threats.

Read blog: Digital Signature Identity Verification

Conclusion

When choosing an e-signature solution, it is important to look for a product that can provide all of the necessary features and functions. This includes digital signature capabilities, robust security and cybersecurity measures, and certifications from credible third parties.

One such certification is the ISO 27001:2013, which is widely regarded as the gold standard for digital security. With this certification, businesses can be sure that their digital signatures are safe and secure, without having to worry about any unauthorized access or data breaches.

In addition, the right e-signature solution should also provide support services to help businesses make the most of their digital signatures. Thus, when considering various e-signature options, it is essential to keep all of these factors in mind in order to ensure that you are making the best choice for your needs.

Join the the eSignature revolution and eliminate the burden of having to physically sign a document. If you have any further questions or want more information about how Certinal could benefit your organization, please do not hesitate to book a demo with us or contact us at switchto@certinal.com.

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