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As organizations adapt to the evolving digital landscape, they are exploring flexible digital alternatives to traditional business processes.
E-signatures, in addition to streamlining workflows, improve customer experiences, eliminate errors, and enable process tracking.
However, the rapid adoption and convenience of e-signatures have led many businesses to overlook certain security considerations.
SVP & GM, Digital Agreements, OneSpan.
These statistics underscore the need to strengthen cyber laws to protect critical services and their supply chains effectively.
One of the primary challenges for businesses is implementing stringentcybersecuritypractices without disrupting the customer journey.
Customer abandonment and drop-off rates are always a concern, as even the slightest inconvenience can drive consumers away.
While customers seek trusted online experiences, many organisations mistakenly believe that security measures can disrupt the customer experience.
The following initiatives provide a solid starting point for securing digital interactions.
UK Finance also reported a staggering 151% rise in fraud.
This underscores the critical importance of organizations adhering to security laws when implementing e-signature solutions.
By doing so, businesses can ensure maximum security for users and minimize the ongoing risks of identity fraud.
Only after successful authentication can the e-signature be executed, ensuring compliance with necessary security protocols.
While one-time verification may seem secure, continuous authentication is essential for securing e-signatures and notarizations.
Organizations should ensure security measures are integrated into every touchpoint in the customer journey.
With this awareness, tool providers should priorities security in all their choices.
Businesses should embrace heightened security integrated into every aspect of transactions and agreements.
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