Traditionally, privileged accounts were given to administrators to access critical data, applications and systems. However, changing business processes and practices along with the digital transformation drivers like multi-cloud environment, modern application architectures, agile methods of development, and remote ways of working as well as omni-channel environments in the pandemic era has made the use of privileged accounts more advanced and widespread. Hence, it becomes a high risk and an important security concern for any organization. Several PAM vendors have changed their product portfolio to be at par with the competition and also bring these capabilities to safeguard ever expanding privileged assets for their customers.
The need for a hybrid Privileged Access Management architecture