How to Avoid Electronic Signing Service Scams

Although utilizing an electronic signing service can be a convenient way for your organization to digitally sign and exchange important documents (e.g., contracts, tax documents and legal materials), doing so also carries cybersecurity risks.

Cybercriminals can utilize a variety of scamming techniques to trick electronic signing service users into sharing sensitive information, such as their signature, financial information and other personal data. From there, the criminals can use that information for a range of destructive purposes—including identity theft and other costly forms of fraud. These scams have become an increasingly prevalent threat in the midst of the ongoing COVID-19 pandemic, as many organizations have transitioned to fully remote operations.

In fact, DocuSign—a popular electronic signing service provider—recently released a statement regarding several new phishing scams that cybercriminals have implemented to fool victims into thinking they are using DocuSign’s services. These scams entail the victim receiving a fraudulent email that appears to be from DocuSign, urging them to either click on a malicious link (which then downloads malware on the individual’s device) or provide their personal information (which scammers then access to commit fraud).

Whether your organization uses DocuSign or a different electronic signing service, it’s important to educate yourself and your customers—including employees, investors, and suppliers—on how to detect and avoid falling victim to these phishing scams. That being said, consider the following cybersecurity tips:

• Be wary of responding to emails that claim to be an electronic signature request—especially if you weren’t expecting a request or don’t recognize the name of the individual or organization sending the request. Trusted senders would let you know they are sending a signature request before doing so.
• Never click on links from electronic signature emails that appear suspicious—especially if the URLs for those links redirect to websites that aren’t secure or recognizable.
• Review electronic signature emails for generic wording, grammatical errors and misspellings (both in the body of the email and within the sender’s email address). These mistakes are often key indicators of a phishing scam.

For additional cybersecurity guidance, contact us today.

© 2020 Zywave, Inc.