Keep Your Privileged Accounts Safe
Privileged access management (PAM) is a cybersecurity strategy that helps protect sensitive systems and data by controlling and monitoring the access of powerful user accounts, also known as “privileged accounts." These accounts have special permissions that allow users to install software, change settings and access confidential data. Because they have so much control, if a hacker gets access to one, they can cause major damage.
Think of a privileged account like a master key to a building. PAM tools make sure that only trusted people can use that key, and they keep a record of when and how it’s used.
Why is Privileged Access Management Important?
Cybercriminals often target privileged accounts because they can use them to move around systems undetected, steal data or install malware. PAM helps reduce this risk by:
- Limiting who can access what.
- Recording everything privileged users do.
- Automatically removing access when it’s no longer needed.
This is especially important for businesses in industries like finance, healthcare and government, where data security and compliance rules are strict.
Key Features of Privileged Access Management Solutions
Most PAM tools offer some combination of the following features:
- Password vaulting. Stores and rotates passwords automatically so they don’t get reused or exposed.
- Session monitoring. Records sessions so IT teams can review who accessed what and when.
- Just-in-time access. Grants users access only for a limited time, reducing long-term risk.
- Multi-factor authentication (MFA). Adds extra layers of security like text codes or fingerprint scans.
- Role-based access control (RBAC). Assigns permissions based on job roles, not individual users.
- Audit trails and reporting. Helps businesses meet compliance standards by documenting access activity.
Examples of Popular Privileged Access Management Tools
There are many PAM tools available today, each designed to suit different business sizes, industries and security needs. Here are some of the most popular options and what makes each one stand out.
CyberArk
CyberArk is widely regarded as one of the top PAM solutions for large enterprises. It’s used by many global organizations that require high levels of security and scalability. CyberArk offers a complete feature set, including password vaulting, session monitoring, just-in-time access and threat analytics. Its design is focused on protecting complex, multi-layered IT environments. However, that enterprise-grade protection comes at a premium. Pricing typically starts around $50 to $100 per user per month, depending on the level of customization and deployment.
BeyondTrust Password Safe
BeyondTrust is another leading player in the PAM space, especially favored by organizations in heavily regulated industries like healthcare and finance. It offers robust capabilities such as automatic password rotation, secure vaulting and detailed session logging. It also supports cloud, on-premises and hybrid deployments, giving companies flexibility based on their infrastructure. Pricing is usually in the range of $30 to $60 per user per month, depending on the features and configuration.
ManageEngine PAM360
ManageEngine PAM360 is a cost-effective solution ideal for small to mid-sized businesses. It provides essential PAM features such as password management, SSH key and certificate tracking and session recording. It’s also easy to integrate with tools like Active Directory, which makes it a practical choice for IT teams looking to improve security without overhauling their systems. Pricing starts at $495 per year for 10 users with an on-premise license, and there’s a free version available with limited functionality.
KeeperPAM
KeeperPAM, developed by Keeper Security, is a cloud-first PAM tool designed for speed, simplicity and remote access. It’s especially useful for startups, remote teams and organizations that primarily use cloud infrastructure. The platform includes features like secure password storage, role-based access controls, session auditing and mobile support. It’s easy to deploy and manage, making it attractive for teams with limited IT resources. Pricing starts at around $10 to $20 per user per month, and a free trial is available.
Delinea
Delinea offers a well-balanced PAM solution that’s both powerful and user-friendly. It’s well-suited for growing companies that need strong security with room to scale. Delinea includes features like password vaulting, just-in-time access, session control and behavioral analytics. It supports various deployment models, including cloud, on-premises and hybrid environments. Pricing typically starts in the $25 to $50 per user per month range, depending on the size of the deployment and specific needs.
How to Choose the Right Privileged Access Management Solution
When choosing a PAM solution, consider:
- Company size. Large companies may need more complex tools, while small businesses might want something simpler.
- Compliance needs. Make sure the tool supports any legal or regulatory requirements your business must follow.
- IT environment. Choose a PAM tool that works with your systems (cloud, on-premises or hybrid).
- Budget. Balance cost with features. Some tools may seem expensive but save money by reducing risk and avoiding breaches.