Digital Biometric Signature
Wet Signature in the Age of Digital Transformation: Security Risks and Solution Strategies
November 17, 2023
In the business world, signatures play an important role in authenticating and validating a document. However, the challenges that traditional methods of wet signatures bring to businesses cannot be ignored. The physical transportation and approval of documents requiring signatures can slow down business processes. Businesses have to deal with complex legal processes and delays.
Signatures on paper can be vulnerable to forgery. Concerns about document security are driving businesses to more secure alternatives. Forgery of wet signatures continues to be widespread, even when companies believe they have taken full security measures.
Due to the forgery of wet signatures, companies in many different sectors, lose millions of liras. Legal problems arising from forged signatures are quite common and detecting such forgeries is always a challenging process.
Digital signature solutions have started to play a critical role for businesses. Biometric signatures are a contemporary solution to traditional wet signatures. This technology provides a unique recognition using the biometric data of the individual.
It offers higher security measures and biometric data such as speed, acceleration, and pressure are collected when individuals sign their signatures. This data can be verified in court, making digital signatures a preferred option today.
A wet signature can only be used to identify a limited amount of data. If the paper is worn, torn or altered during storage, serious security issues arise.
To minimize security concerns, the use of biometric signatures is recommended. A biometric signature functions almost identically to a wet signature. The individual signs on a touchscreen using their hand or a digital pen. This signature is verifiable and almost impossible to spoof compared to a wet signature.
The ease and immediacy of biometric signatures demonstrate how the technology is revolutionizing signature processes. This easy and protected structure in signature technologies allows businesses to operate more effectively and securely.
Signature processes in the business world are evolving with technological developments. Traditional wet signatures face some disadvantages compared to the emergence of digital signature technology.
So what are these disadvantages?
1. Complexity in Legal Processes
Legal processes for wet signatures can often be time-consuming and complex. Steps such as physical transportation of documents can delay business processes.
2. Environmental Impacts
The use of wet signatures has environmental impacts by increasing paper consumption. In today's world of increased sustainability efforts, this is a disadvantage for businesses.
3. Security Vulnerabilities
Signatures on physical documents carry the risk of forgery. The risk of loss or manipulation of documents can raise serious security concerns for businesses.
4.Cost
It is important to keep in mind that paper consumption leads to high costs.
1. Enhanced Security
Digital signatures increase the level of security by using biometric data. Collecting biometric data such as speed, acceleration, pressure eliminates the risks of forgery.
2. Fast and Efficient Transaction
Digital signatures speed up transactions thanks to their instant approval feature. Documents are transmitted electronically, making processes more efficient.
3. Environmental Protection
Digital signatures make it possible to store documents electronically. This reduces the use of paper and minimizes environmental impact.
The speed, security and environmental advantages offered by digital signatures make them attractive for businesses looking to improve their business processes. In today's rapidly digitalizing world, businesses can gain a competitive advantage by switching to a more secure, faster and environmentally friendly signature solution.
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