Cybercriminals are relentless when it comes to finding and compromising their targets privileged credentials to gain unfettered access to critical assets. 54 percent of companies today still use paper or Excel to manage privileged credentials. Best-in-class PAM solutions offer a comprehensive set of functionalities, integrate into the existing security ecosystem and are simple to deploy and use. IBM Security Secret Server is a new next-generation privileged account management offering that protects privileged accounts from cybercriminals and insider threats.”]
Source: https://securityintelligence.com/what-is-next-generation-privileged-account-management/