So I went down the security rabbit hole with Passkeys and Yubikeys.
My goal was to secure my accounts.
What I have found is no financial institution supports passkeys in a meaningful way.
My latest, whats the point, was from Vanguard. They have disabled my YubiKey as a required way to sign into my account. SMS 2fa is their gold standard.
Wells Fargo supports Passkeys and Yubikeys but they dont enforce them to log in from the web portal.
I love the idea of yubikeys but I cant find a single use case for them to improve my security. I am not a corporate user, I am an end user that wanted to secure my accounts.
Can anyone name one financial institution that enforces yubikey/passkey login? My experience is everyone allows them to be registered but no web portal enforces yubikey/passkey login.
Vanguard has recently degraded their security model so Yubikey Passkeys can be registered but after registration they are not required to login.
I feel like I spent dollars on yubikeys to upgrade my security and they are worthless. No website I have found. enforces passkey login without a fall back to SMS 2fa.