As certain industries are moving ahead with digital transformation projects, online signing processes are a step forward in optimizing business practices.
As certain industries are moving ahead with digital transformation projects, online signing processes are a step forward in optimizing business practices.
Globalization has continued its inexorable march over the last decades. The movement of everything from capital, labor, ideas, goods, and services across borders has made the world a smaller place. International organizations create the rules that define and guide interactions between people and nations. In parallel, we are seeing another revolution - digitizing our economy at a breath-taking pace.
Cryptomathic has completed a successful integration of its centralized HSM and cryptography management platform, Crypto Service Gateway (CSG), with the CyberArk Identity Security platform in a live setting at an unnamed tier-one German bank.
A Forrester Research survey found that documents with electronic signatures reduced the error rate by 80% and improved productivity by as much as 85%. Such statistics highlight the potential disruptive power of technologies such as eSignature and eIdentification in transforming digital businesses.
The ultimate aim of regulations like eIDAS is the creation of a true Digital Single Market (DSM). eIDAS plays its role by providing the necessary authentication and trust service tools to address the needs of the DSM. To succeed, however, it is necessary to understand the precise needs of each market stakeholder.
To combat fraud in digital identities and provide guidelines for digital authentication, the National Institute of Standards and Technology (NIST) updated its Digital Identity Guidelines in June 2017 and has provided a digital identity model that represents their updated guidelines with technologies and architectures that are currently available. This article describes the NIST model and compares NIST’s US-minded approach with the European eIDAS-Regulation and its legal framework.
The eIDAS regulation sets the standard for electronic identification, electronic signatures and trust services. It paves the way for delivering financial, public and other services online in a more secure and reliable way than ever before. The eIDAS document and its accompanying guidelines cover the technical aspects in great detail. But what are the guiding principles behind eIDAS?
