Privilege Access Management or PAM in cyber security terms is about offering solutions for securing your sensitive data.
Lets break this down, first what does the word privilege mean in this context? Well, it essentially means having the authority to access an account.
The word Access in this context means just that-having permission to access the account. The last word, management, means in broad terms, the taking care of managing who has access and what the requirements are for access to the data.
Why is Privilege Access Management important in technology today?
The principle of least privilege is well known in the cyber security world. PAM is based upon this idea that all users should have access only to the information and systems that they need to perform their job. Its a security idea as such.
PAM secures against risks and is used to protect sensitive data in a business. The access points are limited in order to prevent such things like data breaches this is done by managing and tracking privileged users.
Did you know? “Forrester states that 80% of data breaches are connected to compromised privileged credentials.”(Source)
Did you know?
“Gartner has identified PAM as one of the top 10 security projects for organizations in 2019.”
There are many types of Privilege Access Management account types but we will save that for another more in-depth blog post. The implementation of processes to ensure the handling of privileged accounts will reduce risks from user behaviours and other vulnerabilities. Providing solutions with a well planned and well managed PAM program will mitigate the risks for your company and ensure better security.
Here are some fundamental aspects that a good PAM program should contain, according to Heimdal Security in the Netherlands.
- Having a strong password management policy in place.
- Log and record all privileged user sessions.
- Follow the Zero Trust model and applying the Principle of Least Privilege – in other words, not keeping unnecessary privileged accounts in your environment.
- Implement a leading-edge Privileged Access Management tool.
So there you have it, a brief overview of privilege access management-PAM, now you know more about securing sensitive data.