• 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. ICT IN ORGANIZATION

    Primary holds data and instructions that are being worked on. This is known as volatile storage because when the computer is switched off the contents of the RAM (random access memory) are lost. Secondary storage such as hard disks, floppy disks, CD's, DVD and magnetic tape are known as non volatile storage.

  2. Powerpoint technical Report

    exactly the same, so that it is more interesting to look at for the reader. To do this I did the following steps: 1) In order to insert the pictures I took on the camera onto the computer, I used a camera which allowed me to insert a floppy disk

  1. Comparing documents

    it is one of the main features of an invoice and the company can get mixed up. In my opinion, I think JJPC's invoice is the most professional because it is a template and it is quick easy to use.

  2. OCR GCSE Business & Communication Task 7 Report

    This software enables my company to stay professional as I can solely manage my files without being interfered by unwanted virus's or junk mail. I can also set any email to high or low importance which can help to support important emails when needed.

  1. special needs

    The advantages of an individual facing disabilities such as Maria and her making use of email software is clearly observed as this is substantially that the software provides quick and easy use. The software avoids Maria from moving around and communicating.

  2. Full Course howard health centre

    But for a more simple use I would advice using another program. Programs I didn't use (alternatives) Microsoft PowerPoint Power point is part of the Microsoft office package that can be bought from any good computer shop. Microsoft power point is a very useful presentation program that allows the user to show slides with images, animation and audio.

  1. Impact of E-Commerce.

    Fig 1 - Features of a good Web site I will now list the features of a bad Web site; Background Lack of contrast in colour, distracting - making text hard to read Text Too small to read Links - which distract users - and leads them to ggremote pages

  2. An e-commerce solution for a business is the incorporation of all aspects of the ...

    (Wareham, 2000) E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic filing of your income tax return, on-line services like Prodigy, and on-line billing for services or products received.

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