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.

Third-party vendors are essential to organizations, but each vendor an organization adds widens its attack surface and can introduce various security risks, such as data leaks or data breaches. To effectively manage vendor access and prevent security threats, organizations must conduct thorough vendor risk assessments, implement least-privilege access, establish clear vendor access policies, require MFA, log vendor activity, update vendor access and ensure vendors comply with industry standards.

This blog has been adapted from a section of 1Password’s ebook: “Why MDM isn’t enough for device security”. To read the complete ebook, click here. For years, mobile device management solutions (MDMs) have been all but ubiquitous in corporate cybersecurity. Devices enrolled in MDM are commonly referred to as “managed,” which reflects the tendency of companies to consider a device functionally secure as long as it has MDM installed.