Question

A global financial institution with a vast network of offices and data centers has faced increasing cybersecurity threats. The organization's IT team realizes that privileged accounts are a prime target for hackers, and manually managing them poses a significant risk. The company implemented a Privileged Access Management (PAM) solution to strengthen its security posture. As part of the implementation, the IT team focuses on password vaulting, a critical component of PAM. As part of the advanced PAM implementation, which of the following options depicts the primary purpose of password vaulting?

Answer 1

Password vaulting is the primary purpose of PAM implementation and it securely stores and manages privileged account passwords.

Step-by-step explanation:

The primary purpose of password vaulting in a Privileged Access Management (PAM) solution is to securely store and manage privileged account passwords. Password vaulting allows organizations to centralize and control access to privileged accounts, reducing the risk of unauthorized access. By storing passwords in a secure vault, organizations can enforce strong password policies, regularly rotate passwords, and monitor and audit privileged access.