Privileged Access Management (PAM) is a cybersecurity strategy that controls, secures, and audits access to privileged accounts and systems across an organization’s IT environment. It’s designed to mitigate risks associated with elevated access, such as credential theft, insider threats, and unauthorized access to sensitive data. PAM enforces the principle of least privilege, ensuring users have only the minimum access necessary to perform their duties, and often incorporates just-in-time access, multifactor authentication, and session monitoring.