Privileged Access Management (PAM) is an information security (infosec) mechanism that safeguards identities with special access or capabilities beyond regular users. Like all other infosec solutions, PAM works through a combination of people, processes, and technology.
We treat privileged accounts with extra care because of the risk they pose to the technology environment. For example, should the credentials of an administrator or service account fall into the wrong hands, it could lead to the compromise of the organization's systems and confidential data.
Data breaches occur when threat actors compromise privileged access accounts. As these accounts hold the keys that unlock every door in a technology environment, we need to add additional layers of protection. That extra security is a Privileged Access Management solution.