Understanding Digital Signature and its Importance.


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Uploaded on Apr 9, 2021

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Understanding Digital Signature and its Importance.

Understanding Digital Signature and its Importance What is a digital signature? • A digital signature a type of electronic signature is a mathematical algorithm routinely used to validate the authenticity and integrity of a message. Source: us-cert.cisa.gov Virtual Fingerprint • Digital signatures create a virtual fingerprint that is unique to a person or entity and are used to identify users and protect information in digital messages or documents. Source: us-cert.cisa.gov Why would you use a digital signature? • Digital signatures increase the transparency of online interactions and develop trust between customers, business partners, and vendors. Source: us-cert.cisa.gov How do digital signatures work? • Digital signatures, like handwritten signatures, are unique to each signer. Digital signature solution providers, such as DocuSign, follow a specific protocol, called PKI. • PKI requires the provider to use a mathematical algorithm to generate two long numbers, called keys. One key is public, and one key is private. Source: www.docusign.com IMPORTANCE OF DIGITAL SIGNATURES Personal identification numbers (PINs), passwords and codes • Used to authenticate and verify a signer's identity and approve their signature. Email, username and password are the most common methods used. Source: searchsecurity.techtarget.com Asymmetric cryptography • Employs a public key algorithm that includes private and public key encryption and authentication. Source: searchsecurity.techtarget.com Time savings • Digital signatures simplify the time-consuming processes of physical document signing, storage and exchange, enabling businesses to quickly access and sign documents. Source: searchsecurity.techtarget.com Timestamping • By providing the data and time of a digital signature, timestamping is useful when timing is critical, such as for stock trades, lottery ticket issuance and legal proceedings. Source: searchsecurity.techtarget.com Traceability • Digital signatures create an audit trail that makes internal record-keeping easier for business. With everything recorded and stored digitally, there are fewer opportunities for a manual signee or record-keeper to make a mistake or misplace something. Source: searchsecurity.techtarget.com