Electronic Signatures in Global and National Commerce Act (e-signature bill)

The Electronic Signatures in Global and National Commerce Act (often referred to as the e-signature bill) specifies that in the United States, the use of a digital signature is as legally valid as a traditional signature written in ink on paper.

The Electronic Signatures in Global and National Commerce Act (often referred to as the e-signature bill) specifies that in the United States, the use of a digital signature is as legally valid as a traditional signature written in ink on paper. In effect since October 1, 2000, the U.S. law is expected to save companies that use e-signatures a significant amount of money by reducing the costs of mailing and handling hard-copy contracts and similar documents.

The Act does not specify a single digital signature technology. Many e-signature advocates expect that the public key infrastructure (PKI), used for authenticating credit card transactions over the Web, will play an important role in the development of secure e-signatures. Several third-party companies are now exploring other methods to verify a person's legal identity, including the use of personal smart cards, PDA encryption devices, and biometric verifications (fingerprint, voice, or iris scans). Experts agree that until the legality of e-signatures has been tested in the courts, the routine use of e-signatures is likely to be several years away, primarily because businesses lack confidence in present security and verification procedures.

This was first published in September 2005

Continue Reading About Electronic Signatures in Global and National Commerce Act (e-signature bill)

Glossary

'Electronic Signatures in Global and National Commerce Act (e-signature bill)' is part of the:

View All Definitions

Dig deeper on Information Security Laws, Investigations and Ethics

Pro+

Features

Enjoy the benefits of Pro+ membership, learn more and join.

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

File Extensions and File Formats

Powered by:

SearchCloudSecurity

SearchNetworking

SearchCIO

SearchConsumerization

SearchEnterpriseDesktop

SearchCloudComputing

ComputerWeekly

Close