eSignature Authentication and Verification: Why is it Important?

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In an increasingly digitized world, the process of signing documents has followed suit and gone online. This is known as using an eSignature, and it has a number of advantages over the traditional way of wet-signing documents. Perhaps most importantly, it’s a more secure way to sign documents. In this blog post, we’ll take a look at why esignature is more secure and the different types of authentication and verification processes that can be used to ensure the validity of an eSignature.

eSignatures are More Secure than Traditional Signatures

The main reason why eSignatures are more secure than traditional signatures is that they offer a higher level of authentication. With a traditional signature, anyone who has access to your signature can forge it. With an eSignature, on the other hand, there are built-in mechanisms that make it much more difficult to forge someone’s signature. For instance, many eSignature platforms use something called biometric verification. This involves verifying the identity of the signatory by analyzing their physical characteristics, such as their fingerprint or iris scan. This makes it practically impossible for someone to forge another person’s signature.

Another aspect of eSignatures that adds to their security is the fact that the entire signing process can be tracked and recorded. This means that any changes or alterations to the document after it has been signed can easily be detected, adding an extra layer of protection against fraudulent activity.

Different Types of Authentication and Verification Processes

In order for an eSignature to be legally binding, it needs to go through an authentication and verification process. There are different types of authentication and verification processes that can be used, depending on the type of document being signed and the country in which the document is being signed.

One type of authentication process that is often used is known as two-factor authentication. This involves the signatory providing two pieces of evidence to verify their identity. For instance, they might need to provide both their password and a one-time code that has been sent to their phone.

Another type of authentication process that can be used is known as multi-factor authentication. This is similar to two-factor authentication, except that it involves the signatory providing three or more pieces of evidence to verify their identity. For instance, they might need to provide their password, a one-time code that has been sent to their phone, and their fingerprint.

Another type of verification process that can be used is digital certification. In this process, a third party, such as a government agency or a trusted company, verifies the signatory’s identity and confirms the validity of the eSignature.

Lastly, some eSignature platforms also use artificial intelligence to verify the signatory’s identity and detect any potential forgery or fraudulent activity.

Conclusion:

eSignatures offer a number of advantages over traditional signatures, including improved security thanks to higher levels of authentication. There are different types of authentication and verification processes that can be used depending on the type of document being signed and the country in which it is being signed. Two-factor authentication is a common type of authentication process that involves the signatory providing two pieces of evidence to verify their identity. Another type ofauthentication process that can be used is multi-factor authentication, which involves providing three or more pieces of evidence to verify identity.

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