Privileged accounts, credentials and secrets and the access they provide represent the largest security vulnerability that enterprises will face today. Nearly all of the most destructive cyber attacks this decade were executed by successfully exploiting privileged access. As such, managing and securing privilege is increasingly an organisational priority and a core component of an effective cyber security strategy. There is common ground found within the category, with recommendations for best practices and vendor selection provided by trusted industry analysts such as Forrester, Gartner, IDC and KuppingerCole.”]
Source: https://informationsecuritybuzz.com/articles/pam-vs-pim-privilege-by-any-name-is-a-priority/