At our fintech client, we used Privileged Access Management (PAM) to store and manage the access data of accounts with higher privileges, with regard to the highest possible protection from the point of view of security and at the same time control and monitoring of access to this data.
As part of the project, we provided expert delivery not only at the level of the technical solution itself, but also at the level of implementation and integration of individual privileged account management models. This includes active cooperation on the definition and implementation of the necessary guidelines, so that the expectations of security, cooperation and integration with existing identity management systems are met. Thanks to this approach, we deliver not only a product, but also a functional solution.
Privileged access management is critical in any organization, as privileged accounts pose a significant risk to an organization or business. If an attacker attacks a standard user account, they will only have access to that particular user's information. However, if he succeeds in compromising a privileged user, he immediately gains greater access and the ability to sabotage other systems as well.
Attackers primarily target those privileged accounts so that they can compromise entire organizations instead of individuals. With a PAM solution, we can solve your security weaknesses, such as access by multiple users knowing the same password for a specific service. In this way, we will reduce the risk arising from long-lasting static passwords that administrators do not want to change.