Privileged account and session management is the same as privileged access management. It specifically includes shared account and password management, and privileged session management. Gartner: Privileged credentials are worth their weight in gold for cybercriminals and offer the potential for persistent network access and data theft. Without the ability to monitor and manage privileged accounts, any malicious activity may go undetected. PASM solutions can be delivered as a cloud-architected, highly scalable offering to meet the needs of the digitally transformed enterprise.”]
Source: https://www.centrify.com/resources/pam-101/what-is-privileged-account-and-session-management-pasm/