What is the difference between Electronic Signatures and Digital Signatures?

1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 5.00 out of 5)
Loading...

A quick look at how Digital signatures differ from Electronic signatures

Life was so simple 50 years ago, wasn’t it? Less stress, a steadily paced lifestyle, more leg space in the Airlines (tall people will relate better!) and most of all, ONLY ONE SIGNATURE!!! Gone is the simplicity and easiness that came along with those ‘Good Old Days.’

Electronic signatures, E-signatures, digital signatures, biometric signatures…phew! Seriously, how many types are there? It’s too complicated, isn’t it? Worry no more. This blog is just for you. Well, we’re not saying that this blog will change your life, but it will surely help you disengage the gray cells in your brain.

Primarily, there are two types of online signatures – Digital and Electronic. Although there is a significant difference between the two, they’re oftentimes believed to be the same thing.

Well, they’re not.

Digital Signature vs Electronic Signature

Electronic Signatures

An electronic signature is an electronic version of the physical, hand-written signature. Just the way you sign your documents, electronic signatures are used the same way. Instead of using a pen to sign a document, you can easily sign documents with just a click or your fingerprint. X`

Unfortunately, everything comes with pitfalls and electronic signatures are no different. Electronic signatures offer a less secure platform. This is because there are no standards or coding techniques involved with them. The receiver cannot verify the identity of the sender.

Documents signed using electronic signatures are highly vulnerable to tampering and man-in-the-middle (MITM) attacks. It means that the document can be hijacked and tampered with when it is “in the air.” Such attacks can turn out to be deadly as far as the secrecy of an individual/organization is concerned.

Another shortcoming of electronic signatures is their non-universalness. It means that unlike the real world, there can be more than one signature for the same person. If you decide to change your signature providing vendor, you may as well lose your old signature. Needless to say, this can cause a few problems.

Digital Signatures

Digital Signature is another breed of the electronic signatures, the only difference is that it involves the use of a code or algorithm to sign and validate the authenticity of a document. Unlike electronic signatures, digital signatures come under specific standards and a stringent verification process. They not only sign the document using a code, they encrypt data. ‘Secure’ is a small word, encryption makes your documents INVINCIBLE against cyber-attacks.

In order to sign a document using a digital signature, you need to buy a digital certificate first. In order to issue the digital certificate, the issuer must go through a stringent vetting process from a 3rd party certificate authority (CA). This certificate consists of a private key and a public key – known as the ‘key pair.’ This means that the data encrypted using a particular Private Key can only be decrypted using its paired Public Key. The document won’t open if the Private Key doesn’t match with the Public Key. Thus, making the file transfer a thousand times safer.

Realizing the need to protect against such alteration, digital signatures have become a norm for many organizations.

Side-by-side comparison

Electronic Signature Digital Signature
  • Electronic signatures don’t incorporate coding or standards.
  • Digital Signatures come with encryption technique.
  • Documents signed using electronic signatures are vulnerable to tampering.
  • No chance whatsoever.
  • Electronic signatures don’t confirm the identities of the sender as well as the receiver.
  • Digital signatures cannot even be issued without validating the identity of the sender.
  • A mark is placed in the documents signed using Electronic signatures.
  • The fingerprint is embedded in the digitally signed documents.
  • Electronic signatures don’t involve any vetting process by a certificate authority (CA).
  • In order to use Digital signatures, you must issue a digital certificate from the trusted certificate authority (CA). The CA thoroughly verifies your identity before issuing the certificate.
It's only fair to share...Share on Facebook
Facebook
4Share on Google+
Google+
0Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Pin on Pinterest
Pinterest
1