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A global financial institution has implemented Privileged Access Management (PAM) and password vaulting to protect privileged accounts. Which of the following best describes the primary purpose of password vaulting?

Answer 1

The primary purpose of password vaulting is to securely store and manage passwords for privileged accounts and other sensitive credentials. This involves encrypting the passwords and controlling access to them, thereby ensuring that only authorized users can retrieve and use the passwords. Password vaulting helps to mitigate risks associated with password reuse, weak passwords, and unauthorized access, enhancing the overall security posture of the organization by protecting against potential breaches or misuse of privileged accounts.