With the advent of comprehensive regulatory standards for digital signatures, remote electronic signatures within the EU is now possible for international contracts and transactions to get signed without delay, saving thousands of €/£/$ in travel expenses, reducing paperwork, enabling the processing of documents more easily and securely and environmentally friendly.
More than a decade ago, Cryptomathic and LuxTrust, then a newly formed trust service provider (TSP), decided to invest in the development of cloud-based electronic signing technology, in anticipation of future demand from Luxembourg’s digital ecosystem. At the time, local signing devices, in the form of smart cards and USB tokens, were dominant and the only widely available means of establishing the highest level of electronic signing assurance.
Non-repudiation is a legal concept that is widely used in information security. It refers to any service, which provides proof of the origin of data and the integrity of the data. In other words, non-repudiation makes it very difficult to successfully deny who/where a message came from as well as the authenticity of that message.
The ever-growing number of applications and uses for mobile devices has long been a hot topic. Using mobiles to electronically sign transactions and documents is one such use case, and many organisations have been looking for mobile e-signature solutions, which could hold legal ground in court.
An interesting case rose in the state of California this year regarding a bankruptcy lawyer who utilized DocuSign for many official legal documents.
