Cyber Law week 6

 Cyber Law week 6

Electronic Signature:

An electronic signature, or e-signature, refers to data in electronic form, which is logically associated with other data in electronic form and which is used by the signatory to sign.

Benefits of Electronic Signature:-

  1. Enhanced Security
  • You can be confident that your documents will make it to the right people with security controls including automatic independent verification
      2. Workflow Tracking
  • Easily tracked who as opened, signed or approved a document and who is holding you up.
      3. Convenience for you
  • Collect signatures and Approvals on multiple documents at one time without printing a single page of paper
     4. Get paid faster
  • Ask for signature and payment details on the same document to securely collect all the information you need to get your clients up and running—including the payment to you!
     5. Paperless workflow
  • When you integrate your eSignature solution with other tools you already use, like Smart Vault, there’s no need for printing, scanning, or meeting in person. 


Digital Signature:

Digital signatures help identify and authenticate signatories, and collect data that can later serve as evidence. They also allow obtaining an audit trail if necessary. More agile workflow: multiple signatures can be obtained in less time, streamlining administrative and legal processes.

Advantages of Digital Signature:-

     1. Added security    

  • A digital signature offers more security than an electronic signature. The unique identifying “fingerprint" data in a digital signature remains permanently embedded within a document

      2. A high Standard
  • The PKI standard is common to DocuSign and its peer companies in the digital signature industry

      3. Global acceptance and Legal compliance
  • More countries are starting to accept digital signatures on legally binding documents because they understand that the security protocols offered by vendors such as DocuSign are in compliance with international standards in the field.

      4. Long-Term retention and access
  • The signatories to a digital signature document do not need to rely on a vendor’s continued presence in the marketplace in order to continue to verify its authenticity.

      5. Independent Verification
  • Digital signatures from companies such as DocuSign can withstand stringent independent verification and cannot be altered by unauthorized parties.

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