What are the requirements of privileged access management?

A Privileged Access Management is a network solution that must have the capabilities to support the PAM security system policies of an organization. Typically, an enterprise’s PAM will be able to create automated password management with some features like a vault, auto-rotation, auto-generation, and an approval workflow. These password management capabilities systems should provide administrators with the ability to implement and enforce multi-factor authentication.

Organizations should be able to manage privileged account lifecycles using an enterprise-grade Privileged Access Management Solution. To put it another way, administrators must be able to automate the creation, modification, and deletion of accounts.Finally, a PAM system must provide comprehensive monitoring and reporting capabilities.It must give real-time visibility and automatic alerting to security managers who must monitor privileged sessions and analyze any irregularities.