Final answer:
Single Sign-On (SSO) in cloud-based corporate portals allows users to access multiple applications with one set of credentials, enhancing security and user experience. It's particularly important in light of recent data breaches in various industries, including retail and finance, which heighten the risk of identity theft.
Step-by-step explanation:
Understanding Cloud-Based Single Sign-On (SSO)
Cloud-based corporate portals often feature single sign-on (SSO) capabilities as part of their security measures. Single sign-on is a user authentication process that allows a user to access multiple applications with one set of login credentials. This is crucial for online privacy and security within organizations, particularly given the rise in data breaches across various sectors such as retail, finance, government, and telecommunications. Examples include the high-profile data breaches at Target, JP Morgan, Healthcare.gov, and Verizon, which dramatically increased the risk of identity theft and exposed millions of individuals' personal information. By using SSO, companies aim to reduce the likelihood of password-related breaches while improving user experience by eliminating the need for multiple passwords.
SSO is one component of a company's broader identity and access management (IAM) strategy, which seeks to protect against unauthorized access to systems and data. With SSO, once users are authenticated, they can seamlessly move between services or applications without needing to re-enter their credentials, which simplifies the user experience and can bolster security protocols if implemented correctly.