Privileged Access Management (PAM) helps to secure, control, manage and monitor privileged access to critical enterprise assets. This really means the root, administrators and people with access to sensitive data. PAM typically takes these sensitive credentials/privileged accounts and holds them inside a secure repository (Identity Vault). These accounts are now isolated, require check in/out and do not share privileged accounts passwords with the account user during the session. When the account is checked back in, the password is automatically reset.
Privileged Access Management by Gartner has the following subcategories:
By centralizing privileged credentials in one place, PAM systems can ensure a high level of security by handling real-time access requests, approval/disapproval workflow's, analytics, reporting, monitoring and suspicious activity policies.
Accomplished by using software that integrates with the enterprise identity store(s) and the other enterprise resources desired to under PAM access control