I'm curious about whether any major financial institutions have adopted the use of physical security keys, such as YubiKeys, as an option for multi-factor authentication (MFA). I've found some institutions like Key Bank and Vanguard offer them, but I'm looking for more information. It seems that companies like Morgan Stanley and Goldman Sachs may have this option available, but likely only for select, high-end customers. If anyone has insights into which institutions use these keys, I'd also like to know about their costs and how much maintenance they require. Please assume that a security key is just one option among others like authenticator apps or backup codes, and that it's offered only to a very limited group of customers after thorough vetting.
1 Answer
If a financial institution is using the Banno platform for their digital services, they do provide the option for physical security keys. You can check their official site for more info on implementation.
Thanks for that info! I checked out the Banno site, but I didn't find a clear way to search for institutions using their service. Maybe I missed something?