Cyber insurance costs are rising sharply, with global premiums up 48% in 2022 as insurers scrutinize security controls, raise rates, and even deny coverage. Since 83% of organizations suffered multiple breaches and 61% involved credentials, underwriters now demand robust privileged access management. PAM solutions reduce cyber risk by securing privileged credentials, isolating and monitoring sessions, and detecting malicious activity. They enforce multifactor authentication and centralized control across on-premises, cloud, and hybrid environments. By adopting PAM, organizations can demonstrate cyber readiness, satisfy compliance, streamline renewals, and contain escalating insurance costs.

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