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How 2FA & eSignatures Ensure the Security of Digital Documents - DrySign
1. 2FA Doubles the Security of eSignatures | DrySign Blog
How 2FA & eSignatures Ensure the Security of Digital
Documents - DrySign
With the lightning-fast pace of digitization, it is only natural that there is an unprecedented
increase in the frequency and quality of online attacks. In addition, the COVID-19 pandemic
has forced entire workforces to start working virtually. As a result, industries embracing the
digital initiative have experienced resounding success. However, with this leap came the
threats and increased risks of cyberattacks on their systems.
Organizations looking to prevent cyberattacks need a resilient and accessible cybersecurity
strategy. The aim is to adapt to reinforce defenses and manage risks. However, many
businesses find indulging in product innovation and embedding accurate security measures
challenging.
Data is the new oil, an invaluable resource many want to pay big bucks for. Unfortunately,
this has resulted in data breaches that have cost organizations millions of dollars and
devastation.
Cybercrime costs can reach $10.5T annually by 2025 – Cybercrime Ventures
Information security is of prime importance and acts as a security moat against malicious
actors. Once a cyberattack hits a business, it takes a considerable amount of material and
physical resources to come out of it unscathed, especially in today's world with eyes and ears
on every screen. However, by taking the adage 'prevention is better than cure,' companies
can invest in simple solutions to strengthen their systems and avoid such security lapses.
Two-factor authentication (2FA) is a simple method to prevent unauthorized system access.
It provides users with an extra layer of security and helps them become more proactive
before opening suspicious emails.
2. 2FA Doubles the Security of eSignatures | DrySign Blog
What is 2FA?
As cybercrime becomes more sophisticated, organizations must upgrade their legacy systems
to counter it. 2FA helps employees in organizations prevent unauthorized access to their
accounts, documents, etc. The fact is that if your security depends only on one password,
then you can't really call it security. Most people are likely to set rudimentary passwords
around birthdates, names, or names of pets, etc. Two-factor authentication (2FA) Two-factor
authentication (2FA) provides your accounts with an extra blanket of security.
Even if a password is stolen, this method is a safe bet. Enabling 2FA will protect accounts
from being used maliciously and help companies provide access to the right users.
Common Types of 2FA
SMS Text-message and Voice-based 2FA
2FA is a text with a six-digit code sent to the employee's phone to verify their identity.
It is better known and trusted due to the technology employed by major corporations.
Similarly, a voice-based 2FA is where a user is called, and the one-time usable code is
verbally delivered. For companies dealing with low-risk levels, this is all you need.
Software Tokens for 2FA
A software-generated two-factor authentication code that needs a software or mobile
application to function. Companies highly value it due to the time limitation of the
password. In addition, it deters online hackers and is available for wearables, desktop
PCs, and smartphones.
Hardware Tokens for 2FA
A hardware token is a small, physical, two-step authentication device used to access
electronically restricted resources. There are versions of hardware tokens that transfer
the 2FA code when plugged into the computer or laptop’s USB port.
Push Notifications
Push notifications are sent by the website or mobile application to the user’s device. It
alerts users of the attempt and asks them to approve or deny access with a single tap.
What are Electronic Signatures?
Electronic signatures or eSignatures are legally binding signatures organizations or
individuals use to provide their consent on digital documents. They help curb the use of paper
and enable users to be efficient and resourceful. They are the digital equivalent of wet or
handwritten signatures and validate the identity of users. Electronic signatures also comply
3. 2FA Doubles the Security of eSignatures | DrySign Blog
with major electronic signature laws worldwide, helping companies provide their consent
from smartphones, workspaces, or any other location, legally and securely.
Electronic signatures serve as undeniable proof in digital documents. However, while digital
signatures are effective against data tampering and impersonation, there are always limits.
For example, valid signatures can fool users into trusting emails from unknown actors and
have their information compromised. To counter this, 2FA is used to ensure data integrity
and applications' security.
Also Read: How High-tech Industries can Benefit from eSignatures
How 2FA Secures Electronic Signatures
When you get a two-factor authentication with your eSignature account, you protect not only
your digital documents but also your users and their access. With 2FA, you can decide which
user gets the authority to edit the information, while others get Read-Only rights.
This helps companies in protecting their data successfully without too much hassle and
control from their end. Even if most devices lack basic security, like anti-virus software, this
method is an easy-to-integrate security step that helps in protecting users from malware.
Moreover, 2FA offers companies a solution that has a minimal impact on daily operations.
The frictionless authentication allows users to access resources securely without
cumbersome training sessions.
How DrySign is the Best Solution
DrySign is a digital signature solution that provides a single platform for electronically signing,
sharing, and storing digital documents. Here are some advantages of DrySign that set it apart:
Simple to Use – It is easy to use, allowing users to complete the entire process within
minutes.
Automates Workflows – DrySign automates the signature workflow of any document
end-to-end by eliminating the need to print or manually handle paper at any point.
Secures Signatures and Documents – It protects the document from mishandling, loss,
and other risks. Moreover, DrySign digital signatures are encrypted and password
protected as an extra measure against hacking attempts.
Offers Convenience – Electronic signatures are highly convenient and easy to use,
even for those who are not tech-friendly. They are used to sign all forms of digital
documents from any device.
Connects Business Operations – Electronic signatures help organizations reach across
business departments and encourage collaboration.
4. 2FA Doubles the Security of eSignatures | DrySign Blog
Does DrySign Offer 2FA?
Electronic signatures like DrySign use two-factor authentication (2FA) and a one-time
password (OTP) to limit document access. It provides access only to authorized users and
complies with the latest laws and regulations in electronic signature globally to make online
transactions secure.
In addition, DrySign is also compliant with the two primary electronic signature acts in the
United States, the Electronic Signatures in Global and National Commerce (ESIGN) Act and
the Uniform Electronic Transactions Act (UETA). Both laws enforce eSignatures as legally
binding and applicable on forms, contracts, and other documents.
DrySign, a trustworthy and reliable electronic signature solution provider, helps companies
keep their documents safe and easy to access. It helps prevent sensitive information from
landing with the wrong people while maintaining secure records from start to finish.
Get the best of 2FA and digital signatures with DrySign.
Source: cybersecurityventures.com
DISCLAIMER: The information on this site is for general information purposes only and is
not intended to serve as legal advice. Laws governing the subject matter may change quickly,
and Exela cannot guarantee that all the information on this site is current or correct. Should
you have specific legal questions about any of the information on this site, you should
consult with a licensed attorney in your area.
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