Earlier quoted context omitted.
> Will a million dollar sales call fail and/or have to be rescheduled because you didn't have 2FA access? You should accept the responsibility, apologise with whoever it is that you let down and move on. Spoken as someone who has clearly never had any tech duties in the financial sector. You don't understand what time critical means until a dealer's access stops working / computer freezes 10 minutes before market clo…
The answer there, clearly, is to not have an individual be a potential SPOF. If failure of that kind of support costs millions of dollars, you absolutely need to have the ‘walked in front of a bus’ scenarios worked out.
I'm not going to post details in public, but suffice to say, you are over-simplistic and don't understand the context.
Sticking with my example of dealers, let's just say people like dealers are not employed in great numbers in all but the largest financial organisation. Let's also say that there are certain events and certain times of day when the entire dealing desk is, shall we say, "busy and stressed out". There is little scope for a colleague to step in at those times, because everyone is franticly busy on the phones with their own workload.
In terms of 2FA therefore, the "walked infront of a bus" scenario is to (after correct security protocol, which includes, but not limited to, senior board-level management and compliance being told and approving) temporarily bypass 2FA for that dealer. Telling the dealer to pass his work to a colleague is just not going to work.
Of course financial organisations have "walked infront of a bus" plans. But they equally have levels of escalation of plans. Sometimes doing stuff at lower level with the help of the IT department is more than sufficient.
I'm not going to elaborate further.