The Difference between Electronic Signature and Digital Signature

In today’s digital age, the way we sign documents has evolved significantly. Traditional wet ink signatures have been replaced with electronic and digital signatures, offering convenience and efficiency for both individuals and businesses. In this blog, we’ll explore the key differences between electronic signatures and digital signatures, shedding light on their advantages and use cases. We will also highlight the importance of security and authenticity, emphasizing why Secured Signing’s digital platform, utilizing digital signatures and Remote Online Notarization (RON), stands out as a top security provider. 

What is an Electronic Signature?

An electronic signature, also known as an e-signature, is a digital representation of a person’s signature, used to sign electronic documents and legally binding in most countries. These signatures can take various forms, including scanned images of handwritten signatures or typed names. Electronic signatures are created using various methods, such as typing a name, drawing a signature on a touchscreen, or using a digital signature pad. If you’re in a highly regulated industry dealing with personal or confidential information, such as finance, accounting, HR, legal, or healthcare, you might need to consider a more secure option. 

Advantages of Electronic Signatures 

  • Convenience: Electronic signatures can be created and signed from anywhere, at any time, if there is an internet connection. 
  • Time-saving: Electronic signatures eliminate the need for printing, signing, and scanning documents, saving time and resources. 
  • Cost-effective: With electronic signatures, there is no need for paper, ink, or postage, making it a cost-effective option for businesses. 
  • Legally binding: In most countries, electronic signatures are legally binding and hold the same weight as a handwritten signature. 
e-signature vs digital signature Secured Signing

What is a Digital Signature?

A digital signature, a specialized type of electronic signature, employs the robust encryption method known as Public Key Infrastructure (PKI). Digital signatures are generated through a digital certificate, provided by a Certificate Authority (CA). They offer the compelling advantage of demonstrating that the original document remains unaltered and free from forgery. Essentially, a digital signature acts as a unique fingerprint exclusive to a specific document, making it impossible for any other document to possess the same digital signature, ensuring the document’s integrity and authenticity. 

Advantages of Digital Signatures 

  • High level of security: Digital signatures use a two-key system, making them more secure than electronic signatures. 
  • Non-repudiation: Digital signatures provide non-repudiation, meaning that the signer cannot deny having signed the document. 
  • Tamper-proof: Digital signatures are difficult to forge or tamper with, providing an extra layer of security for important documents. 
  • Compliance: Digital signatures are compliant with various regulations and standards. 
  • Signer’s Identify is part of the signature.  
  • Signature’s Intent, the reason for signing   

Differences between Electronic Signatures and Digital Signatures 

Electronic and digital signatures serve the same purpose of signing electronic documents but diverge significantly in their technology, security, compliance, and importance in document security. 

  • Technology: 
    – Electronic signatures employ diverse methods like typing or drawing a signature. 
    – Digital signatures use PKI (Public Key Infrastructure) encryption and include signature’s graphical image.

     

  • Security: 
    – Digital signatures are more secure, offering non-repudiation and resistance to forgery or tampering due to PKI. 
  • Compliance: 
    – Digital signatures comply with regulations like the eIDAS Regulation (EU), FDA (Food and Drug Administration) CFR 21 Part 11, ESIGN, UETA, and more.
    – Electronic signatures may not meet certain regulations and can vary in legal weight. 
  • Document Security:
    – Digital signatures provide even higher security through the robust two-key PKI system, guaranteeing authenticity and integrity. 
    – Detect any changes that might be made to the content of the document after it is first signed 
    – If the document is modified, signatures will immediately become invalid 
    – Independent signatures verification.  

Electronic signatures and digital signatures are two distinct methods for signing electronic documents. While electronic signatures are basic solutions, digital signatures offer a higher level of security and assurance that the signature is genuine and unaltered. Understanding the differences between these two methods is crucial for businesses and individuals seeking secure and legally enforceable electronic signatures. 

At Secured Signing, we take your security and authenticity seriously. Our digital platform, incorporating digital signatures and Remote Online Notarization (RON), ensures your documents are protected, legally recognized, and tamper-proof. So, when it comes to securing your electronic signatures, choose the best—choose Secured Signing as your number one security provider.