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Legal Digital
Electronic Signature Software,
My concern with
Digital Signature technology is that it
relies primarily on one security-protection mechanism, encryption. If
the user's key is compromised, she is at risk of unlimited liability.
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Legal Digital Electronic Signature
Software, Contrast this with a credit card number, such as Master
Card. The number is transmitted in plain text. Copies of valid numbers
are available in garbage cans, on the street, in every cash register,
etc. There is nothing like
encryption
in this system, but there is a great deal of risk of loss limitation
in the Master Card system. Shortly, I'll list some techniques that
member banks use to limit their losses from fraud. Each of these
techniques could be used with a digital signature, and I'll note that
Legal Digital Electronic Signature Software application below.
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Legal Digital
Electronic Signature Software,
I don't recommend that all
of these techniques be applied to every
digital signature.
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Legal Digital Electronic Signature
Software, What I do recommend is that a person who creates her own
key pair or who
lawfully
gets a pair from a third party, should be able to specify whether or
not these techniques will be used with her key. This gives a key owner
the opportunity to manage her own level of security and to limit her
losses to an amount that she can tolerate - Legal Digital Electronic
Signature Software. Given this opportunity to manage risk,
especially if there is no money cost for adding security, a reasonable
customer is more likely to feel fairly treated if she loses money from
fraud, because she was able to control the amount of money that she was
putting at risk. This provides a much stronger argument for the fairness
of allocating risk onto the customer and thereby reducing risk to the
seller and the C.A, Legal Digital Electronic Signature Software.
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