• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

"E-signature" Sign Your Name on Internet.

Extracts from this document...

Introduction

Sign Your Name on Internet "E-signature" Sign Your Name on Internet. Haw Hsin Yang Rutgers University-Camden Introduction In the past decade, human beings have been experiencing an unprecedented and radical technological change, especially in business solutions brought by the rapid popularity and the widespread applications of Internet. On one hand, Internet does create a lot of benefits that we've never had before; on the other hand, what comes together is a number of unexpected challenges. One of the most rigorous challenges is Internet fraud. The amount of money consumers are losing to Internet fraud is obviously increasing. According to the IFCC (Internet Fraud Complaint Center) 2002 Internet Fraud Report, from January 1, 2002 to December 31, 2002, the IFCC Web site received 75,063 complaints. This amount includes many different kinds of complaints, such as auction fraud, credit/debit card fraud, computer intrusions, SPAM mails, and child pornography. Meanwhile, IFCC has filed 48,252 complaints as fraudulent cases, and this number also means a three-fold increase from the previous year. The total dollar loss from all referred cases of fraud was dramatically increased, from$17 million in 2001 to $54 million in 2002, with a median dollar loss of $299 per complaint. (IFCC 2002 Internet Fraud Report [EPA], 2002) Overview In addition, it is believed that a lot of fraudulent cases are still not reported to law enforcement agencies, which makes exact numbers impossible to calculate. ...read more.

Middle

Benefits of E-signature By applying e-signature, not only e-business but also traditional businesses will benefit in several ways. Some of the benefits are presented as follows. 1. Enhanced security. E-signature allows companies to share confidential information with intended entities and keeps unintended others away. In addition, electronically signed documents dramatically reduce chances of being forged. In this way, traditional handwriting forgers cannot fabricate signatures on a check or a document anymore. 2. Decreased communications cost. E-signature creates an easier internal communication system for employees. All internal activities which require managers' authentication or colleagues' responses are able to be simplified just by e-mails. 3. Elimination of time for business processes. Since verification and authentication jobs in financial businesses can be very time-consuming, E-signature handles this process rapidly and creates a great deduction of needed time. 4. Reduced headcount. As business processes can be eliminated, those employees who are previously responsible for manual jobs become redundant. 5. Paperless documentation. Even though the using of ERP applications has already reduce the usage of papers, business processes still require a lot of paper work, such as legal documents, checks, and so forth. E-signature is able to validate an electronic document as a physical one. Concerns of E-signature One thing, however, is certain in such a rapid changing world: there are always pros and cons existing in a new technology. ...read more.

Conclusion

Further, in order to achieve a global PKI infrastructure, it is crucial to wait for U.S., the biggest economic entity in world, to prepare itself. Second, as a result of the concerns mentioned above, there may be any unexpected operational and technical problems which hinder E-signature. Finally, and most importantly, it is extremely hard to change a thousands-of-years habit of human beings. A single click is so different from someone's own handwriting that many people still spend time to handle an important thing in person rather than sit in front of a computer to deal with it. Reference: Bushong, J.G., Helms, G.L. & Nelms, L. (2002) Security in Internet e-commerce. Ohio CPA Journal, Vol.61, 12-15. Etheridge, Y. (2001). PKI-how and why it works. Health Management Technology, Vol.22, 20-21. Fields, J. (2001, January 25). E-signatures Wait to Make Their Mark. BusinessWeek online. Retrieved October 30, 2003, from http://businessweek.com/smallbiz/content/jan2001/sb20010125_385.htm Grupe, F., Kerr, S.G., Kuechler, W. & Patel, N. (2003) Understanding Digital Signatures. The CPA Journal, Vol.73, 70-75. Mann, K. (2000). Unlocking public key infrastructure. Retrieved November 3, 2003, from http://www.vnune.com/features/1104266 National Consumers League. (2002). Internet Fraud Statistics for all of 2001. Retrieved November 3, 2003, from http://www.fraud.org/internet/2001stats.htm. National White Collar Crime Center & Federal Bureau of Investigation. (2002). IFCC 2002 Internet Fraud Report. Richmond, VA: Author. Piazza, P. (2001). Can you trust online IDs? Security Management, Vol.45, 39. PKI. (2002). SearchSecurity.com. Retrieved November 3, 2003, from http://searchsecurity.techtarget.com/sdefinition/0,,sid14_gci214299,00.html Sign Your Name on Internet 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Communications section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Communications essays

  1. Information Security.

    connection, for example, most current dial-up modems can support a bandwidth of 56 kbps What is cable modem access? A cable modem allows a single computer (or network of computers) to connect to the Internet via the cable TV network. The cable modem usually has a LAN (Local Area Network)

  2. special needs

    After she has word processed the required information with the aid of MS word, she can print out the information to review and subsequently send of the information to the required destination. This keeps the business she is working at running smoothly as organisations outside are kept alert of recent

  1. Development of a set of marketing recommendations, marketing mix campaign and customer care initiatives.

    Important consideration is placed upon developing the use of Internet and information technologies in Safeway. In future Safeway can form an alliance other business partners. By forming relationships with partners, suppliers, and customers, Safeway will be able to compete and respond to aggressive action by competitors.

  2. Impact of E-Commerce.

    [www.woolworths.co.uk] When I looked closer I found Woolworths to comprise this notion of 'value-for-money' on an extended range of products for their customers and found a strong commitment on making shopping fun - but affordable too. Woolworths also target active customers who are too busy to go shopping - so shop online as it is more convenient.

  1. SK-II has already established as a leading brand within its' skin-care industry. By empowering ...

    * Visitors and potential buyers will only stay longer in SK-II web site only if the contents are rich and attract their interests. By simply adding electronic-like brochures to the SK-II web site will not help retain customers and build its relationship with them, thus the chance of selling diminishes.

  2. My research concerned how the Internet could be used to help people who were ...

    Negative images of women related to pornography have been associated with the Web, Balka points out that society has not been receptive to women's training, making women less likely to want to access the Internet.

  1. OCR GCSE Business & Communication Task 7 Report

    This insures safety for the employee's files and improves a professional image of the business. Social Issues: In order to socially please customers I had to insure my registration form offered clear instructions and relevant questions. I had to also make sure spaces left from questions were suitable for answers.

  2. This report gives the clear idea about current statistical situation in e-learning trends.Task 2 ...

    being asked to rank themselves to show how long they have been using flash and how often they use flash to produce e- learning content. Multitask during a synchronous e-learning event 17% Always 33% Often 37% Sometimes 10% Rarely 3% Never Multi-task interface with e-leaning 2% Always 12% Often 52%

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work