Digital transformation is expanding organizational attack surfaces through initiatives like digital workplaces, DevOps, security automation, and IoT, increasing both exposure and the variety of digital risks. To remain competitive and compliant without disrupting operations, security leaders need stronger, continuously improving security postures that identify and implement appropriate controls. Privileged Access Management (PAM) is presented as a critical set of cybersecurity controls focused on the risks created by privileged access, which enables unrestricted and often unmonitored activity that violates least-privilege principles and weakens accountability.
Two privileged user categories drive PAM scope: privileged business users who access sensitive information assets via business roles and application accounts, and privileged IT users who administer infrastructure via system, software, or operational accounts. Standard IAM tools are positioned as insufficient for privileged scenarios such as shared accounts, monitoring privileged activity, and controlled elevation; PAM tools address these gaps through techniques like credential vaulting, password rotation, session establishment, delegation, and monitoring, with the market shifting toward analytics, risk-based monitoring, and advanced threat protection within integrated PAM suites.
Key drivers include shared credential abuse, unauthorized elevation, credential hijacking, third-party privilege misuse, and accidental misuse. Operational and regulatory requirements add needs such as discovering shared/service accounts, tracking ownership lifecycle, enabling SSO to target systems, recording sessions for compliance, and governing vendor/MSP and cloud administrative access. Platform-focused privilege management tools for Unix/Linux/Windows add “in-depth” protections (e.g., restricting commands and blocking unwanted elevation) as part of a broader PAM architecture.
One Identity expanded its PAM portfolio via acquiring Balabit (Q1 2018), strengthening session management, behavior analytics, and log management. The resulting Safeguard for Privileged Sessions and Safeguard for Privileged Passwords form the core, complemented by Unix Security and Privileged Account Analytics, delivered on a hardened appliance (and deployable images for AWS/Azure) with unified APIs, reporting, and an integration roadmap. Strengths include session and password management, 2FA integration, and unified capabilities; challenges include incomplete integration of analytics and lack of SaaS deployment.
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