Cybersecurity specialists treat remote employees as a threat, and they’re right to do so. However, remote work isn’t a temporary trend — it’s here to stay. Between 2017 and 2018, 36 million (or 25%) of US employees sometimes worked at home according to the US Bureau of Labor Statistics. For lots of specialists, the ability to work outside the office is an important benefit when choosing an employer.

Privileged passwords should be used wisely. These credentials, also called secrets, provide a user with access to protected accounts, systems, networking hardware, cloud instances, and applications. Since privileged accounts also have elevated permissions, passwords to these accounts are often targeted by cybercriminals. In fact, weak, reused, and compromised passwords are the cause of 81% of all data breaches according to the Verizon 2019 Data Breach Investigations Report.

Today’s banks and financial institutions closely cooperate with various third-party vendors. While such cooperation brings a lot of benefits, it also raises some significant concerns regarding the security of the data and resources these vendors have access to. In fact, according to Verizon’s 2019 Data Breach Investigations Report, the financial sector is among the most targeted, accounting for about 10% of all data breaches across all industries in 2018.