What is the Difference Between Electronic Signatures and Digital Signatures?
Electronic signatures and digital signatures are both methods for approving documents or transactions electronically, but they differ in their technical and security characteristics.
Electronic signatures are a broad category that includes any form of electronic approval of a document or transaction. This can include anything from a simple email indication of acceptance to more advanced methods such as entering a PIN code or clicking a button to approve. These signatures are often used for everyday purposes and are generally less technically complex.
On the other hand, digital signatures are a more specific and advanced form of electronic signature that uses sophisticated cryptographic techniques to verify the sender's identity and the document's integrity. A digital signature is created by applying a mathematical algorithm to the document's content and the sender's identity, resulting in a unique digital signature that is linked to the document. This signature can be verified by a third party to confirm that the document has not been altered after signing, and that the sender is who they claim to be.
The primary reason digital signatures are considered more secure than ordinary electronic signatures is precisely because of the advanced cryptography used. Digital signatures ensure that the document's integrity is maintained and that the sender's identity is verified. Furthermore, digital signatures are typically subject to stricter legal standards and are often recognized as legally binding, providing extra security and confidence in the document's authenticity and validity. With ePact, you can securely sign contracts with MitID at a very affordable price.
In summary, while electronic signatures are more broadly applicable and less technically demanding, digital signatures are more advanced, secure, and legally binding, making them ideal for sensitive documents and transactions where security is of paramount importance.
