The eIDAS Regulation (No 910/2014) (EU eIDAS) came into force in 2016. It created a Europe-wide legal framework for electronic identification, transactions and signatures. How has this cross-border digitalization drive been impacted by Brexit for digital transactions between the EU & UK?
As part of the global drive for digital transformation, legally binding digital signatures are at the forefront of many businesses’ ambitions to provide an enhanced and complete digital customer journey. Even though most people can understand the general concept of digital signatures, reaching the highest level of assurance with a Qualified Electronic Signature contains quite a few things to consider.
Here we provide a high-level comparison between Cryptomathic Signer and other eIDAS remote signing solutions available in the market.
The intent of the eIDAS regulation is to create a portfolio of technical and legal standards that enhance the security, legal validity, and acceptance of electronic transactions used to conduct business online or official business across EU member state borders.
Last week order for 186 double-decker trains was nullified due to a legal formality surrounding the Qualified Electronic Signature used to ink the deal. Guillaume Forget, Managing Director and e-signature specialist of Cryptomathic GmbH, unpacks what went wrong and highlights what businesses everywhere can learn from the debacle.
International trade is based on the concept of trust. In situations where there isn’t some established trust, the trading parties get their respective banks involved and use various trade finance products like Letters of Credit to ensure that both sides adhere to the terms of the trade as laid out in the contract. This trust fuels global trade and countries where it can be strengthened generally tend to become the preferred trading partners over time. The focus on trust in international trade brings us to the topic of this two-part series. This article focuses on how eIDAS can help establish trust between trading partners world across the EU and worldwide.
The COVID-19 pandemic put many industries to the test as they found alternate ways to serve their customers and manage to survive the crisis. The banking and finance sector may have already been ahead of the curve with digitalisation.
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.
In May 2021, researchers published two attacks on certified PDFs, which enabled unintentional and fraudulent modifications to be applied to signed documents. Here we provide a brief summary of the attacks and explain why documents that are digitally signed using Cryptomathic Signer and its WYSIWYS technology is not susceptible to these attacks.
When deploying digital signatures to fully digitalize business processes, large organization such as banks must comply with the technical and legal guidelines of the country in which they operate. Complying with standards of various jurisdictions can prove difficult when the signature solution must be made available on both a global and a local level.
