What is Privileged Account Management?

Privileged Account Management (PAM) is a security strategy focused on controlling, monitoring, securing, and auditing privileged accounts. These accounts have elevated access rights and privileges that can bypass normal security constraints. PAM is commonly used to reduce the risk of insider threats and external attacks by limiting privileged access to only those who need it, when they need it, and for the shortest duration possible. It often involves solutions for password management, session monitoring, and multi-factor authentication.