Risk management has gained more attention in view of the changing technologies and the use of cloud computing that increases the attack surface for an organisation. A data breach can occur at any moment, destroying customer trust,      costing organisations precious time and money. Cloud migration has many benefits but also presents new risks and threats, and it is important to understand how to mitigate them. Organisations across every industry rely on robust security risk solutions to decrease their threat surface, boost operational efficiency, and ensure compliance. 

Cybersecurity risk management is the process of identifying, assessing and prioritising risks, and developing mitigation strategies. Businesses can benefit from security risk solutions to reduce their surface exposure, and improve their overall security exposure. A robust security risk solution can help organisations anticipate potential threats, improve security posture, and mitigate potential damages. With organisations increasingly using cloud computing and closing deals across the globe, there is a greater     need for trust, privacy, and integrity in all their workflows. 

Fujifilm Business Innovation works with enterprises to continuously mitigate risks with innovative security risk solutions. For example, electronic signatures simplify the process from start to finish, and save you valuable time from collecting physical signatures the hard way. Unlike physical signatures on paper, electronic signatures offer a higher level of security because the software can detect and record more data points than paper, and would be able to detect the minutest alterations. Not only does an electronic signature contain a signature but also other traceable information, like who signed the document, when it was signed, and where it was signed. Electronic signature is much stronger and enforceable than traditional paper-based transactions. 

Cost-effective solution compared to pen and paper signature  

Another benefit of electronic signature is that it offers a much faster turnaround for contracts. Instead of getting a document printed, getting it signed, and then sending it to the next party, and repeating the process down the line, every stakeholder in a contract can sign on the same electronic document within seconds using electronic signatures. It is also cost-effective compared to the pen-and-paper method. You will save on postage, paper, and of course, time, which is money. Electronic signatures have become common enough that people won’t       ask curious questions when they are presented with a document that requires e-signature. 

Electronic signatures are      more secure than pen and paper signatures     . Technically, it’s a mathematical code that ensures that the document cannot be altered once it is signed. This robust security risk solution by Fujifilm goes far beyond identifying a person, as it also captures the person’s intent to agree to the content of the electronic document, data set, and more. 

Complying with GDPR regulations  

Depending upon the type of document you are signing, you can adjust the level of security in the electronic signature. For example, you can determine the strength of encryption, and the extent to which you want to confirm the identity of the signer. By setting the right level of security, you can find the right balance between security risk and convenience. You can also set up an administration of consents with explicit consents as per General Data Protection Regulation (GDPR) guidelines, thus making electronic signatures legally recognized and enforceable in Singapore and other parts of the world.