Privileged Access Management (PAM) is a crucial cybersecurity framework designed to control, monitor, and secure privileged access to sensitive systems and data, addressing the significant risks associated with privileged accounts that often outnumber employees in organizations. PAM implements the principle of least privilege, ensuring users and systems have only the access necessary for their tasks, thus minimizing the chances of breaches, as approximately 80% of security breaches exploit privileged credentials. Modern PAM solutions automate and enhance security measures by discovering privileged accounts, securing credentials in encrypted vaults, implementing just-in-time access, and monitoring sessions in real-time. This approach not only reduces the attack surface and improves operational efficiency but also strengthens business continuity and compliance, with many cyber insurers now requiring robust PAM systems as a prerequisite for coverage. As attackers increasingly target privileged access for data breaches, PAM has become a fundamental component of enterprise security, offering a proactive defense against potential threats.