Benefits of Incorporating Privileged Identity and Access Management

Field: Auditing | Delivery Method: Self Study | CPE Hours: 0.25

Benefits of Incorporating Privileged Identity and Access Management

By Toby DeRoche CIA, CCSA, CRMA, CFE, CISA, cAAP
Managing privileged access is a crucial aspect of safeguarding an organization's sensitive information, critical systems, and infrastructure. Two key solutions—Privileged Identity Management (PIM) and Privileged Access Management (PAM)—play essential roles in strengthening an organization's security posture. Understanding their benefits can significantly enhance your organization's risk mitigation strategies.

Understanding PIM and PAM

Privileged Identity Management (PIM) specifically addresses the management of privileged identities. It ensures that users with elevated privileges—such as administrators or power users—have their identities verified and their access appropriately aligned with their roles. On the other hand, Privileged Access Management (PAM) primarily manages and secures access to privileged accounts and sensitive information, controlling precisely what actions users can perform.

Benefits of Privileged Identity Management (PIM)

1. Enhanced Security through Lifecycle Management PIM solutions handle the entire lifecycle of privileged accounts — from provisioning to deprovisioning — ensuring these accounts remain active only when needed, significantly reducing security risks.
2. Minimized Risk with Just-in-Time Access Implementing Just-in-Time (JIT) access limits privileged accounts' active time to the minimum necessary, dramatically reducing opportunities for misuse or unauthorized access.
3. Streamlined Access Approval Workflows With built-in approval processes, PIM ensures privileged access is granted only after thorough vetting, aligning access with legitimate business needs and reducing human errors.
4. Comprehensive Audit Trails PIM solutions record all privileged user activities, providing robust audit trails to swiftly identify and address potential security incidents.
5. Role-Based Access Control (RBAC) Implementing RBAC through PIM ensures adherence to the principle of least privilege, granting users only the access necessary for their role, thus minimizing security vulnerabilities.

Benefits of Privileged Access Management (PAM)

1. Real-time Session Management and Monitoring PAM allows administrators to monitor live privileged sessions, ensuring immediate intervention if suspicious activities are detected, alongside recorded sessions for subsequent audits.
2. Secure Credential Vaulting Storing credentials securely within password vaults eliminates direct access by users, significantly reducing risks associated with credential theft and misuse.
3. Multi-Factor Authentication (MFA) PAM strengthens security by enforcing MFA, ensuring only verified, authorized individuals gain privileged access.
4. Automatic Password Rotation Regularly rotating passwords automatically after use significantly diminishes the risk associated with static credentials, limiting exposure to potential breaches.
5. Audit and Compliance Reporting Detailed logging and reporting capabilities provided by PAM solutions help organizations demonstrate compliance with stringent regulatory standards such as ISO 27001, GDPR, and HIPAA.

Leveraging PIM and PAM Together

While each solution offers substantial individual benefits, the synergy between PIM and PAM creates a comprehensive security strategy that provides a more robust approach. PIM effectively manages the identities and roles of privileged users, while PAM focuses explicitly on controlling and monitoring their access to systems and data.

Conclusion

Integrating Privileged Identity Management and Privileged Access Management within your security framework significantly reduces your organization's vulnerability to cyber threats. These tools not only fortify your defenses against potential breaches but also ensure continuous compliance with regulatory standards. Embracing both PIM and PAM can provide the comprehensive oversight and control necessary to effectively secure your organization's most sensitive and critical resources.
If you are interested in learning more about IT auditing, check out the course Fundamentals of IT Auditing.

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© 2025 Toby DeRoche, and published with author permission. The opinions expressed here are solely those of the author and do not represent the opinions of the cRisk Academy®.


 

Your Instructor


Toby DeRoche
Toby DeRoche

Toby DeRoche is a bestselling business writer, highly credentialed governance professional, and entrepreneur. Toby has combined his background in English Literature, an MBA, and over 20 years of business experience by authoring more than 250 business thought leadership blogs for industry leaders across the U.S., Canada, and Europe, several of which have been featured in Forbes Business. He has also written 16 whitepapers and four books, including Agile Audit: Transformation and Beyond, Only Audit What Matters (an Amazon bestseller), Modernize Your Audit Department, and Not Yet: A Warming Tale About My Neighborhood, and he contributed two chapters to the 28th edition of ISACA's CISA Review Manual as an IT control subject matter expert.


Certifications:

  • Certified Internal Auditor (CIA)
  • Certified Information Systems Auditor (CISA)
  • Certified in Cybersecurity (CC)
  • Certified Agile Auditor Professional (cAAP)
  • Certified Agile Auditor Professional - Scrum Master (cAAP-SM)
  • Certified Fraud Examiner (CFE)
  • Certified in Risk Management Assurance (CRMA)
  • Certified in Control Self-Assessment (CCSA)


In 2019, he founded Insight CPE, a company focused on continuing education for audit, risk, and fraud professionals. Through this platform, he has delivered over 130 custom training programs and presentations, including the CyberControl System and the Certified Agile Audit Professional.


Today, Toby continues to write, consult, and coach, primarily working with organizations to enhance their governance and cybersecurity practices, combining strategic insight with practical solutions. Outside of work, Toby enjoys spending time with his wife and son, whether enjoying the outdoors or watching movies together.

https://www.insightcpe.com/


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