Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

What Is the Role of Privileged Access Management in Protecting Sensitive Data?

Privileged Access Management (PAM) plays a crucial role in protecting sensitive data by controlling, monitoring and limiting access to systems and accounts. PAM focuses specifically on managing accounts with elevated permissions, such as administrator or root accounts. These accounts, if compromised or misused, can pose significant security risks and potentially lead to severe data breaches.

Seven Risks of Not Having Privileged Access Management

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.

What Problems Can PAM Solve for My Organization?

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.