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INDEX
DEFINITION DIFFERENCE BETWEEN ELECTRONIC SIGNATURE & DIGITAL SIGNATURE FEATURES OF DIGITAL SIGNATURE CRYPTOGRAPHY HOW DOES DIGITAL SIGNATURE WORK? SIGNATURE AND LAW DIGITAL SIGNATURE CERTIFICATES(DSC) ENCRYPTION CHALLENGES AND BENEFITS
Filing of documents as per various legal requirements like MCA-21, ITR, etc. To sign E-Tenders, bids , quotations etc. To communicate confidential message within the organizations.
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Approval- A signature expresses the signers approval or authorization of the writing , or the signers intention that it has legal effect. Efficiency and Logistics- A signature on a written document imparts a sense of clarity and finality to the transaction, lessens the subsequent need to inquire beyond the face of the documents like negotiable instruments.
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ATTRIBUTES OF A SIGNATURE
Signers authentication-Should indicate who has signed a document, message or record, and should be difficult for another person to produce without authorization. Document Authentication- Identify what is signed, making it impracticable to falsify or alter either the signed matter or signature without detection. Continued
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Affirmative Act-The fixing of the signature should be an affirmative act serving the ceremonial and approval functions of a signature and establishing the sense of having legally accomplish a transaction Efficiency- A signature- its creation and verification processes should provide the greatest possible assurance of both signers authenticity and document authenticity , with the least possible expenditure of resources 14
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Class 2 certificates- Check for information like real name, social security number and date of birth. It requires proof of physical address and email Example: Credit Card Class 3 certificates- Strongest types . It is used for loans acquired online and other sensitive transactions Example: Driving License
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Class 4 certificates- most secured business certificates. In addition to the class 3 requirements, the certificate authority checks on things like Users position in his/her organization. NOTE:-Considering the security in mind, Class 3 certificates and above are authorized by Ministry of Company Affairs 21 for online transactions
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ENCRYPTION
It is based on the use of mathematical procedures to scramble data so that it is extremely difficult for anyone other than authorized recipients to recover the original message. The formula or algorithm converts the intended data into an encoded message using a key to decode or decipher the message.
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Cryptography
Cryptography is a branch of Applied Mathematics which is used in computer science at a large scale. There are 3 classes of Cryptography: Symmetric Encryption/Secret Key- The sender and recipient possesses the same single key. Both parties can encrypt and decrypt messages with the same key Asymmetric Encryption/Public Key- Involves 2 related keys called key pairs :one Public key and other a private key Public key can encrypt an information while private key decrypts it. Hash function It converts a message into code that is known as fingerprint or Message Digest
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Challenges
Digital signature involves the following costs: Institutional Overhead- The cost of establishing and utilizing certification authorities, repositories and other important services, as well as assuring quality in the performance of their functions Subscriber and Relying Party cost-A digital signer will require software and has to pay Certifying Authority some price to issue a certificate
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Benefits
Reliable authentication of messages Minimizes risk of dealing with imposters or persons who attempt to escape responsibility by claiming to have been impersonated Minimizing the risk of undetected message , tampering , forgery and of false claims that a message was altered after it was sent Formal legal requirements accepted as digital signatures are superior to writing a signature on paper Retaining a high degree of information security
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THANK YOU
PRESENTED BY:Sunny Kumar Aniket Agrawal Neha Sinha Vishwanath Jindal Paras Goel Prachi Mangaliya Shailender Jha
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