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science of secrecy from um cryptography by early 1970s, we are now entering l era in which information is the nange of digital information has ety. already, tens of millions of e- onic mail will soon become more internet, still in its infancy, has gital marketplace, and e- ing through cyberspace, and it is rlds gross domestic product dwide interbank financial future, democracies that favor young, and governments will use countries, offering facilities such tion age depends on the ability to the world, and this relies on the an be seen as providing the locks two thousand years encryption. alternatively, imagine that a bank receives an e-mail from a client, which instructs that all the clients funds should be transferred to a private numbered bank account in the cayman islands. once again, without a handwritten signature, how does the bank know that the e-mail is really from the client? the e-mail could have been written by a criminal attempting to divert the money to his own cayman islands bank account. in order to develop trust on the internet, it is essential that there is some form of reliable digital signature. how does the author support the claim that \it is essential that there is some form of reliable digital signature\? by relating a personal story about how his digital signature was stolen by sharing statistics about stolen money that was sent to the cayman islands by describing an example of how money could
The author presents a scenario where a bank could receive a fraudulent e - mail instructing fund transfer to a Cayman Islands account. This example shows the need for a reliable digital signature to prevent such frauds.
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by describing an example of how money could be fraudulently transferred without a reliable digital signature