How does PAM address the risks associated with shared privileged accounts?

Privileged Access Management (PAM) helps mitigate risks associated with shared privileged accounts across teams by providing the following mechanisms:

1. Centralized Control: PAM systems allow organizations to centralize control over privileged account access, enabling administrators to manage and monitor who can access privileged accounts and what actions they can perform.

2. Granular Access Control: PAM solutions offer granular access control, allowing organizations to enforce the principle of least privilege by restricting access to sensitive resources based on job roles and responsibilities.

3. Session Monitoring: PAM tools typically include session monitoring capabilities that allow administrators to observe and record privileged sessions in real-time. This helps in detecting any suspicious activities or unauthorized access.

4. Credential Management: PAM systems securely store and manage shared credentials, eliminating the need for users to know the actual passwords. This reduces the risk of credentials being compromised through simple sharing or exposure.

5. Privileged Task Automation: PAM solutions often offer automated workflows for privileged tasks, reducing the need for manual sharing of credentials and decreasing the chance of errors or unauthorized access.

By implementing PAM, organizations can effectively manage and secure shared privileged accounts across teams, reducing the risk of insider threats, data breaches, and unauthorized access.