The ultimate goal of privileged password management is to reduce risk by identifying, securely storing, and centrally managing every credential that provides elevated access. It works hand-in-hand with implementing least privilege and should be a foundational element of any organization’s privileged access management (PAM) initiatives.

The dangers of password reuse have been made abundantly clear through the rise in successful credential stuffing attacks, yet recent research has shown that 45% of working adults admit to reusing the same password for multiple services.