What is privileged access management and How it works?

Privileged Access Management (PAM) refers to a class of solutions that help secure, control, manage and monitor privileged access to critical assets.

To achieve these goals, PAM solutions typically take the credentials of privileged accounts – i.e. the admin accounts – and put them inside a secure repository (a vault) isolating the use of privileged accounts to reduce the risk of those credentials being stolen. Once inside the repository, system administrators need to go through the PAM system to access their credentials, at which point they are authenticated and their access is logged. When a credential is checked back in, it is reset to ensure administrators have to go through the PAM system next time they want to use the credential.

By centralizing privileged credentials in one place, PAM systems can ensure a high level of security for them, control who is accessing them, log all accesses and monitor for any suspicious activity.