Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

According to Cobalt, the cost of cyber attacks is rising, with costs predicted to reach $15.63 trillion by 2029. This highlights the growing need for Privileged Access Management (PAM). Without a PAM solution, organizations face significant security and operational risks, including increased vulnerability to data breaches, insider threats, compliance failures and costly errors. Privileged accounts are prime targets for threat actors due to their elevated permissions and access to sensitive data.

Implementing a Privileged Access Management (PAM) solution can solve challenges like uncontrolled access to privileged accounts, insider threats, secret sprawl and lack of secure remote access. According to a recent EMA Research Report, 54% of organizations indicated they have granted privileged access on business systems to users who are not direct employees.

Keeper’s Endpoint Privilege Manager is an advanced Privileged Elevation and Delegation Management (PEDM) solution that provides secure, just-in-time privileged access across your endpoints, significantly reducing the threat of ransomware, insider threats and data breaches – all without sacrificing productivity or performance.

Your company should adopt a Privileged Access Management (PAM) solution to reduce security risks, prevent unauthorized access and gain more control over who can access sensitive data and systems. According to Keeper Security’s Insight Report on Cloud-Based Privileged Access Management, 88% of companies in the U.S. are seeking a cloud-based PAM solution to combat advanced cyber attacks.

Choosing the right password manager can be challenging, especially with so many options on the market. But one thing sets password managers apart: their security. So, what features should you look for in a password manager to ensure it truly protects your data?

To implement Privileged Access Management (PAM), you must first assess your organization’s specific security risks and needs. Then, you can select the right PAM solution tailored to your organization and plan a strategic, phased rollout to ensure a smooth implementation. Continue reading to learn how to efficiently implement PAM in your organization.

Privileged Access Management (PAM) works by controlling, monitoring and securing access to privileged accounts and resources through features such as credential vaulting, just-in-time access control, session management and automation. It enforces the principle of least privilege so that only authorized users and systems have access to sensitive data. Continue reading to learn more about how privileged access management works to protect your organization.

Many businesses confuse traditional password management tools with Privileged Access Management (PAM) solutions. While both aim to secure credentials and reduce the risk of unauthorized access, they serve very different purposes. Traditional password managers are designed to store and organize login credentials for everyday user accounts, helping individuals and teams manage passwords more efficiently.