What is Privileged Access Management? 

PAM is a combination of processes and technology used to secure, control, and monitor access to critical information, resources, and systems. It generally refers to the assignment of permission access levels to user accounts based on a predetermined set of guidelines. It is based on the principle of least privilege, which states that users should only have access to what they need to perform their role, and no more. It  is a critical part of modern cybersecurity best practices.

Why is PAM important?

Implementing PAM helps organizations effectively monitor access to their network and provides insight into the data and systems accessed by users. Privileged accounts typically have higher access to sensitive data and systems and if compromised, could pose a serious cybersecurity risk. It is a robust protection method against external threats, avoids inadvertent internal threats from employees, and helps achieve compliance with industry and government regulations.