Who is Linda Green: A lesson in signature security
The importance of having a secure digital signature has never been more prominent than it is today. Cybersecurity is becoming an increasingly integral functionality of IT departments across every industry, and government offices and courts especially are learning that it is more crucial than ever before to ensure the integrity of their systems to prevent identity fraud and other kinds of theft.
It’s into this discussion of identity fraud that Linda Green surfaces. Who is Linda Green, you may ask? In short, the infamous name “Linda Green” is one of the biggest reasons why having a secure digital signature is crucial before signing on the dotted line.
The longer story is a bit more complicated. From 2004 to 2009, the name was signed on over two million mortgage documents by the employees of a mortgage services company in Georgia, according to the Housing Justice Foundation. Green is a real person, but she certainly did not personally sign all those mortgages – bringing into question the legality of the documents.
As you can imagine, this situation left the people whose mortgages had been signed by “Linda Green” confused and, in some cases, utterly penniless. In 2013, those banks responsible for this “fraudclosure” accepted an agreement with the U.S. Office of the Comptroller of the Currency and the Federal Reserve Board to pay more than $8.5 billion in assistance to help nearly 3.8 million borrowers who were affected by the scam, according to the FRB.
How would an authenticated digital signature have helped?
It goes without saying that the issues involved with the Linda Green case were caused due to fraudulent signatures. If a secure digital signature had been used, on the other hand, mortgage recipients would have been able to sign their documents without fear that the other party was defrauding them.
“Court offices can benefit from the implementation of secure signatures.”
This kind of technology does not just impact consumers – court offices can also benefit from the implementation of secure signatures. With digital signature software, courts can collect and sign legal forms online without worrying about the possibility of fraud. In addition, according to Security Affairs, digital signatures allow court offices to automate workflow by eliminating the need for physical paper as well as streamlining validation and authorization phases.
Digital signatures are safer
According to TechTarget, secure digital signatures offer an inherent level of protection against identity fraud – and as digital communications quickly become the go-to method of signing legally binding documents and representing yourself online, it is now more crucial than ever to make sure you are who you say you are. This kind of technology gives you that power.
Get in touch with EsignIT, a certified secure digital signature provider, to find out how we can create a secure digital signature for you. Shielding yourself from fraud begins with your signature – let us help you protect it.