PAM’s continuous monitoring capabilities also help detect security threats in real-time. If it detects suspicious activity, the tool can terminate and report the privileged session.
Logging privileged sessions supports forensic teams to track an attacker in case of a cyberattack.
Two other factors that lower the unauthorized access risk are PAM’s automated password management rotation and multi-factor authentication.
Enhanced compliance with regulatory requirements
PAM solutions help organizations comply with GDPR, HIPAA, and SOX. They provide detailed audit logs and reports of privileged access activities. This creates a clear and safe trail of privileged users’ activities which is essential for meeting audit requirements.
Furthermore, automated workflow reduces non-compliance risks by cutting human error and keeping exact track of all privileged access.
Increased efficiency and productivity
Through automation, PAM solutions can reduce the workload on IT and security teams.
Automated discovery and privileged credential management streamline the management of privileged accounts.
Instead of having a System Administrator check and approve all privileged access requests that can occur in a 1000 people company, imagine it all happens with a few clicks and setting the right PAM policies.
John from Accounting will be happy to access the database he needs and carry on with his task without interruptions. Streamlining the work process gets easier even for organizations that work in shifts or across different time zones.
Meanwhile, instead of responding to redundant access requests, the IT staff can focus on other issues.
Better visibility and control
Privileged access management solutions that use a unique dashboard give companies full visibility and control to all privileged accounts and activities.
The IT team will be able to see who gets access to what, when and for how long, no matter if the privileged accounts are owned by employees, third party operators or apps. They can also see how those accounts used their elevated privileges and what happened during the privileged session.
In case of an attack, full visibility and control will enable fast and precise incident response.
