How does PAM support compliance with Basel III?

PAM (Privileged Access Management) supports compliance with Basel III regulations in the financial sector by ensuring strict control and oversight of privileged accounts and access to sensitive data. It helps in monitoring, managing, and auditing privileged access, thereby reducing the risk of unauthorized activities that could lead to non-compliance with Basel III requirements. PAM solutions also provide strong authentication, encryption, and session management features to secure privileged accounts, which are crucial for financial institutions to meet regulatory standards and protect against data breaches.