Six E-Signature Security Requirements for Digital Transactions

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Remember: Take a Broad View of Security

When looking to implement an e-signature solution, it is important to take a broad view of security, starting with methods for signer identification and authentication and ending at the ability to access and verify signed documents, even years down the road, without documents and their audit trails being tied to a particular vendor.

It's also important to balance security concerns with the usability of the solution, as over engineering security requirements can negatively affect usability and adoption. Taking a broad view of e-signature security ensures your organization stays secure and legally protected in the event of a dispute at any point.

The electronic signature market has been around for more than 20 years, but it has seen significant expansion and adoption in the past decade. Highly regulated industries like financial services, insurance, government and health care have led the charge when it has come to implementing this technology because of its ability to enable digital business while keeping processes secure and compliant. Recently, the industry has experienced increased growth in the mid-market as even more small- to medium-sized businesses have started adding e-signatures to their customer-facing processes.

A December 2015 report from Forrester Research, "E-Signatures – A Few Simple Best Practices Drive Adoption" (access requires subscription), attributes this recent increase in adoption to the fact that as customers become more digital, they increasingly expect the companies they do business with to provide high-quality digital experiences. Replacing manual, paper processes with ones that are automated and electronically signed has enabled organizations of all sizes to significantly reduce cycle times, errors and costs while offering the experience customers expect.

As more businesses transition their customer transactions to the web, security is understandably a top concern. When organizations are looking at various e-signature vendors, it is not enough to simply look for an e-signature that is "ESIGN compliant" or has a certain security certification. Taking a broader view of e-signature security will help companies strengthen their legal and compliance position while ensuring maximum adoption. In this slideshow, Silanis, provider of e-SignLive, takes a closer look at the top electronic signature security requirements for digital transactions.


Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

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