Privileged access management is an essential technology for ensuring that your company's digital assets are well protected. However, many small and medium-sized businesses are still not using this technology to their advantage. In this presentation, we'll explore the shortcomings of current password management systems, and discuss the risks of managing privileged access without the right tools. We'll also look at PAM best practices and identify what makes a good PAM tool. Finally, we'll explain in detail the operational role of PAM and give some concrete examples.