Privileged Access Management (PAM) is one of the most important areas of risk management and security in any organization. Changing business practices, agile software development and digital transformation has meant that PAM solutions need an enhanced set of features to reduce the risk of privileged accounts being hijacked in this more challenging operating environment.
Digital transformation is no longer optional for businesses and organizations if they wish to stay competitive and deliver greater value to customers. But as they seek to embrace the advantages of Cloud, IoT, AI and Big Data projects across extended infrastructures, organizations need to be aware of the cyber security, compliance and identity risks that digital transformation also creates.
While these risks are serious, they can be significantly reduced through intelligent, fit for purpose and structured deployment of security solutions. As agile access and identity requests are a prime characteristic of a successful digital environment it follows that one of the most important tools to manage this securely is Privileged Access Management (PAM).