Privileged Access Management (PAM) is the process of monitoring and protecting accounts with elevated privileges such as admin/root accounts. These privileged accounts are indispensable to run the business but the lack of privileged access management can lead to security breaches and compliance issues.
This results in business losses and financial penalties. In many organizations, developers, DBAs and other system administrators are given full super-user rights with little oversight. A lack of proper access governance for privileged accounts leads to an accumulation of excess privileges, orphaned accounts, ownership conflicts and other governance issues.
Organizations need a PAM policy to restrict and monitor privileged access and eliminate the sharing of privileged accounts in order to improve auditability and personal accountability.
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