Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Securing privileged accounts with FIDO2 security keys is the best way to protect them from internal and external threats because they offer enhanced security and convenience compared to traditional authentication methods. Continue reading to learn more about why traditional methods are insufficient for protecting privileged accounts, how FIDO2 enhances security and the benefits of using FIDO2 for privileged accounts.

Passwords, PINs, and codes aren’t just part of your online world. From hotel safes and Wi-Fi passwords to gym lockers and alarm codes, you often need access to data that’s tied to a specific location in the real world (and in the case of alarm codes, you need it in a hurry). Wouldn’t it make life so much easier if you had a simple, quick way to find those items exactly when and where you need them? Well, now you can, thanks to a new capability in the 1Password app.

According to IBM’s Cost of a Data Breach Report 2024, the average cost of a single data breach reached an all-time high of $4.88 million last year, driven by increased revenue loss, operational downtime, customer churn and regulatory fines, among other factors. As frequent targets of cybercriminals, finance services companies face especially high risks – and the consequences of a successful breach can be particularly damaging from both reputational and compliance perspectives.

While many organizations focus on mitigating external cyber threats, insider threats can target privileged accounts with elevated access to sensitive data or systems. Based on Cybersecurity Insiders’ Insider Threat Report, 83% of organizations suffered at least one insider attack in 2024.

Policies are an essential part of every administrator’s digital toolbox. They let you tailor 1Password to your organization’s needs, strengthening security where necessary and making it easier for team members to follow company guidelines and procedures. Don’t worry if you haven’t rolled out any policies yet. Out of the box, 1Password improves your organization’s security by helping everyone use strong passwords and securely share company secrets.