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Guillaume Forget Executive Vice President at Cryptomathic GmbH

All Trains Cancelled: How an e-Sig Failure Derailed a €3bn Transport Deal

On 21st September, the Swiss-based train manufacturer, Stadler, announced that it lost a €3bn contract with the Austrian Federal Railways ÖBB due to a legally impermissible electronic signature on the purchase agreement.[1] The consequences of such a failure are serious. The costs inherent to a multi-billion public tender are counted in millions a...

04 October 2021 /regulation /identity Digital Identity Management