Wikipedia describes the signature forgery as an act of falsely replicating the signature of another person. There are several methods that can be used to accomplish this fraudulent activity which is mentioned below.
Random forgery- When the forger imitates a signature that has no similarity with the genuine one. It is performed without accessing the original one.
Unskilled forgery- Without any experience and knowledge of spelling, the forger traces the signature over a sheet of paper which is further used as a guide.
Skilled forgery- As the name suggests, the perpetrator practices the signatures with access to the samples of genuine signatures. The authentication of such signatures is difficult to gauge.
To get rid of these forgeries, Digitalization has played a major role. The documents are scanned and sent to the responsible officials or vendors via multiple sources such as emails for signatures. But the question is- Is going digital safe for the companies?
A report claims the cumulative loss from digital frauds cost over $93 million in 2020.