New initiative responds to the rising volume of phishing emails targeting e-signature transactions
VASCO® Data Security International, Inc. (NASDAQ: VDSI), a global leader in digital solutions including identity, security and business productivity, announced today plans to launch a new initiative to help protect consumers and businesses from the increase in phishing attacks related to digital transactions and electronic document signing.
A leading analyst firm positions VASCO’s eSignLive as the third most popular e-signature solution in the rapidly growing segment. Additionally, VASCO’s e-signature business grew more than fifty percent last year. With the rise in e-signature adoption comes the added risk of phishing attacks. Leveraging its extensive history in transaction security and authentication, VASCO is protecting consumers and businesses by mitigating transaction risk factors through elements of the new initiative, which include:
- Enabling customers to white-label their e-signature solution. This allows end-users to rely on their familiarity with their service provider and reduces the risk of social engineering attacks and phishing emails;
- Launching a business education program with best practices to ensure that organizations using eSignLive are properly securing e-signature transactions; and
- Offering organizations and end-users resources to help identify high-risk transaction scenarios that could damage a company’s brand and reputation.
“The remarkable efficiencies of going paperless and digitizing traditional manual processes are helping evolve the e-signature market rapidly while introducing new challenges,” said VASCO CEO, Scott Clements. “The just-released Human Factor cybersecurity report from Proofpoint underscores this and noted that e-signature phishing email click rates were number one among email attacks targeting login credentials. Coming from a history in software security, we understand the importance of helping businesses implement e-signatures without exposing end users to increased risk.”