We understand that building a strong cybersecurity ecosystem is essential to protecting sensitive data as you access information through the InvestNext portal. With that being said, our team has been working diligently behind the scenes to enhance the security features on our platform.
Single sign-on (SSO) authentication is a login best practice designed to decrease multiple-use password creation. We’ve implemented this feature to ensure you can safely access investor and sponsor portals with only one username and password, simplifying the login process while protecting your accounts.
Single Sign-on (SSO) is a federated identity management (FIM) tool that enables access to multiple applications with just one set of login credentials. SSO enables businesses to safely verify the identity of people and devices when they connect to a network. This is essential for allocating user access rights and making sure users only have the degree of access they need to efficiently perform their roles. Instead of entering your login and password each time you try to access a website or software application, your login and password are handled by the original source, notifying the new location that you’ve logged into a previous account that’s already verified your access details - guaranteeing that the user signing in is who they say they are.
According to data, 59% of people use the same or similar passwords across many accounts, making it simple for hackers to access account systems through poorly secured portals. By consolidating access logins into a single set of credentials, improves business security by protecting against data breaches caused by frequent workplace human error.
Additionally, SSO can be used by entities of all sizes, large companies, small businesses, and even individuals to make it easier to keep track of their usernames and passwords. Examples of SSO authentication adopters include platforms like Google, Facebook, LinkedIn, and Twitter.
In addition to the benefits of a simpler authentication process. SSO may improve operational efficiency within an entire company. Here is a list of advantages that organizations and people may enjoy by putting in place a secure login application:
Up until now, InvestNext users were required to have a password for each account. This included frequent password changes to access separate portals for both sponsors and investors.
By accessing your accounts through our single-sign-on feature, sponsors can manage and navigate through multiple accounts with just one click. You’ll have the ability to merge any existing accounts and use your single profile details to sign up for future opportunities, thereby lowering the barrier to entry and removing access friction.
Secure, simple, and straightforward. We at InvestNext prioritize convenience and accessibility, and we’re committed to developing tangible solutions that optimize your capital raise performance while impressing your investors.
Check out our support articles page for more information about our SSO feature.