eSignature Authentication Definition and Examples

Understanding eSignature Authentication for e-Signing

At GoodSign, we know that ensuring the validity and integrity of digital transactions is paramount. This is where eSignature Authentication plays a crucial role. Simply put, eSignature Authentication is the process of verifying the identity of a signer and guaranteeing that their electronic signature is legitimate.

Key Concepts of eSignature Authentication

1. Identity Verification: To authenticate an eSignature, the signer's identity must be verified using various methods. Common techniques include knowledge-based authentication (like answering security questions), sending a one-time password (OTP) via SMS, or scanning government-issued identification.

2. Document Integrity: Alongside ensuring the signer's identity, it is essential to maintain the integrity of the document. This involves securing against any unauthorized modifications after the eSignature has been applied. Technologies like Public Key Infrastructure (PKI) and cryptographic hashing are often used to ensure this integrity.

3. Audit Trails: A comprehensive audit trail logs every step of the signing process, from the initial creation of the document to the final signature and beyond. This trail provides transparency and can be used to resolve disputes by showing who signed the document, when it was signed, and the method of authentication used.

Examples of eSignature Authentication Methods

1. Two-Factor Authentication (2FA): Beyond just a username and password, 2FA adds an additional layer of security by requiring a second form of identification, such as an OTP sent to a verified mobile number.

2. Digital Certificates: Issued by trusted Certificate Authorities (CAs), digital certificates bind an individual's identity to a cryptographic key pair, ensuring the identity of the signer and the integrity of the signed document.

3. Biometric Authentication: Utilizing unique biological characteristics, such as fingerprints or facial recognition, biometric authentication provides a robust and highly secure method of verifying a signer's identity.

Benefits of eSignature Authentication with GoodSign

• Security and Trust: GoodSign offers state-of-the-art authentication mechanisms without the need for expensive subscriptions. Each envelope costs only $1.50 per send, allowing you to pay per use, with no additional costs for team members.
• Flexibility and Convenience: All features and integrations are accessible without gating by plans, making it simpler and more cost-effective to ensure your documents are signed securely.
• Enhanced Compliance: With robust authentication processes, GoodSign helps you comply with legal and regulatory requirements, minimizing risk and maximizing trust.

Understanding eSignature Authentication is vital for anyone involved in digital transactions. With tools like GoodSign, you can keep your documents secure and authenticated with ease and affordability.