Electronic signatures
Refer to any electronic process indicating acceptance of an agreement or a record. Electronic signatures:
Using common electronic authentication methods verifying the signers identity.
Standard e-signatures use single factor authentication.
Enhanced e-signatures use multifactor authentication to increase security when needed.
Ultimately demonstrate proof of signing using a secure process often accompanied by an audit trail along with the final document.
Digital signatures
Utilise specific methods to sign documents electronically.
Digital signatures: Use a certificate-based digital ID to authenticate signer identity.
Demonstrate proof of signing by binding each signature to the document with encryption—validation is done through trusted Certificate Authorities (CAs) or Trust Service Providers (TSPs).
Digital signatures
Are secure They have been designed, created, protected and surrounded with the highest levels of security to prevent tampering. From the time the digital certificate is issued to the time it s used to sign with inclusive of storage and archival it is secured through the accompanying security methods.
The Digital ID is trusted
Compliant, certificate-based digital IDs come from accredited providers. Issuance and validation is done through trusted Certificate Authorities (CAs) or Trust Service Providers (TSPs).
Individuals identity needs to be proved and vetted by a notary prior to a certificate being issued.
What is signed gets encrypted
The electronic document and signature are bound together and encrypted with a “tamper proof seal” 2084 bit encryption.
It is unique to the signatory
Every time the user signs a document, the users individualised verified digital certificate with validated credentials are affixed to the document. No two certificate codes are the same, thus providing a unique so called fingerprint, binding the signatory authority to the document.
Validation and re-validation
The issued certificate is conducted by a CA or TSP for up to 10 years after the signing event, ensuring long term secure storage.