Increasing the ROI of your HSM Infrastructure: Document Signing
Have you considered all of the functions that your hardware security module can fulfill? An HSM is a significant purchase that should not be taken lightly, but if you consult industry professionals during your decision process, you can ensure a significant return on your investment. A hardware security module can easily integrate into your current infrastructure and considerably increase the security of your IT environment. In our whitepaper, Increasing the Return on Investment of Your Hardware Security Module, we help you develop a holistic plan for tailoring your HSM’s functionality to your business’s needs. This blog post will take a look at one of the HSM’s many capabilities.
Signing important documents by hand was once a vital step in any field, but it is falling out of favor in comparison with digitally signed documents, and for good reasons. As more business is transacted online, methods of verifying authenticity are needed to match these new services. If you have a Futurex HSM, you are already able to digitally sign your documents.
An electronic signature is, by simple definition, data that has the same intent as a signature on paper. In this case, instead of paper and pen, a cryptographic signing key produces the signature, which is an identifier unique to the document. Following that, a verifying key validates the signature, thus confirming the authenticity of the document and its contents.
Some eagerly embrace the trade of pen and paper for digital transmissions. Others are suspicious of the validity, but with the proper environment and technology, digitally signing documents can be significantly more secure than signing by hand. A signature on paper can be photocopied, imitated, replicated, lost, or forged, but because of encryption, none of those problems can happen with a secure digital signature. Digital signatures can also provide non-repudiation and time-stamping for signatures. Your Futurex HSM assures protection through generating and managing certificate trees containing private and public key pairs for document validation, giving you a secure cryptographic infrastructure.
Using digital signatures generates numerous kinds of savings. It can save time—a user’s identity can be instantly and remotely authenticated, so there is no need to wait for mail, faxes, or other hard copies of communication. Digital signatures can save both paper and energy—there is no need to print and store paper documents, so your overall physical storage space can be reduced.
Although eGovernment has had a great impact on the drive to develop secure, reliable methods of digitally signing documents, tax returns are not the only area benefitting from digital signatures. Digitally signing e-mails will ensure that the information contained within maintains both its authenticity and its integrity. Electronic invoicing is another commonly used area: it increases payment processing integrity and reduces fraud by providing proof that invoices have been received and verifying their authenticity.
Are you ready to make the switch from paper? Do you already have a Futurex HSM? To find out more, view our whitepaper or contact one of our Solutions Architects for a personalized solution.