NACSA licence in progress
BNM RMiT 10.49–10.55 Aligned

Managed Privileged Access Management (PAM) Malaysia

You own the vault and the policy. We run the day-to-day — JIT approvals, session monitoring, quarterly access reviews, and SLA-backed emergency provisioning — so PAM stays disciplined past the 18-month mark.

Why PAM matters in 2026

The Verizon Data Breach Investigations Report has, year after year, identified credential abuse as a feature of the majority of breaches it analyses. The 2024 edition continued the pattern. Privileged credentials — domain admins, root, cloud root accounts, the secrets stored carelessly in CI/CD pipelines — are the difference between a contained incident and a full-environment ransomware event.

Privileged Access Management is the well-established control answer: vault the credential so the human (or the script) never sees it, gate every use behind a request-approval workflow, record the session for forensic replay, and review who has what on a defined cadence.

The challenge is operational. PAM platforms are easy to deploy and hard to keep disciplined. Our co-managed model exists to solve that — the platform you own, the operations we run.

The co-managed model

Customer owns

The PAM platform licensing. The policy framework. The Tier-0 boundary definition. The list of who can request which credential. Audit-trail data ownership and retention. The SOC integrations.

nCrypt operates

Day-to-day vault administration. JIT credential request approval workflow. Session monitoring and replay sampling. Quarterly access reviews with the customer's identity team. SLA-backed emergency credential provisioning. Integration health monitoring.

Joint governance

Monthly operations review. Quarterly access review with sign-off. Annual control attestation aligned to RMiT, ISO 27001 Annex A.5.15-A.5.18 and your internal risk taxonomy.

Hand-back ready

We document every operational runbook in your wiki. If you choose to in-source operations after 24 months, the transition is documented, contractual and clean.

Vendor-neutral platform selection

We have no exclusive reseller relationship with any PAM vendor. We deliver against:

CyberArk

The enterprise default for Malaysian FSI. Strongest on Tier-0 isolation and session management at scale.

BeyondTrust

Strong session-management lineage, broad endpoint privilege management coverage, mature integrations.

Delinea (Thycotic)

Faster time-to-value, popular with mid-market and growing enterprises. Lower operational overhead.

HashiCorp Vault

The secrets-management standard for cloud-native and DevOps-heavy estates. Often deployed alongside an enterprise PAM for human accounts.

Selection is driven by your existing identity stack, regulatory scope and integration footprint. We will run a structured shoot-out at scoping if you do not already have a platform in place.

BNM RMiT mapping

Co-managed PAM directly addresses three RMiT paragraphs that examiners test consistently:

10.49 — Privileged access controls

Vault-based credential storage. Just-in-time elevation. No standing privileged access for human users. Documented approval workflow with audit trail.

10.50 — Segregation of duties

Approver cannot self-approve. Policy enforces dual-control on Tier-0 emergency access. Quarterly review of who has what reach.

10.55 — Logging & monitoring

Every privileged action logged centrally. Session recordings retained per regulatory schedule. Anomaly detection on out-of-pattern privileged activity, integrated to the SOC.

Tier-0 PAM scope

Co-managed PAM is most valuable where it covers your Tier-0 boundary — the small population of accounts whose compromise is forest-ending:

  • • Domain Admins, Enterprise Admins, Schema Admins
  • • Root accounts on Linux infrastructure
  • • Kubernetes cluster admins (cluster-admin RBAC)
  • • PAM vault administrators themselves (recursive — but governed)
  • • AWS root account, Azure Global Admin, GCP Organization Admin
  • • Database superuser accounts (postgres, sa, sys)
  • • Network device privileged credentials (Cisco enable, Palo Alto superuser)
  • • Backup infrastructure admin (because backup admin = restore = effective Tier-0)

Onboarding & reporting

Initial deployment runs 4-6 weeks: platform stand-up (or take-over of an existing deployment), policy framework, Tier-0 inventory, first 50-100 privileged identities vaulted, SOC integration. From week seven onwards we are in business-as-usual operations.

Reporting cadence:

  • • Monthly: Operations review with the identity team. Tickets, SLA performance, integration health, anomalies investigated.
  • • Quarterly: Access review attestation. Board-grade summary mapped to RMiT and ISO 27001 Annex A.5.15-A.5.18.
  • • Annually: Control attestation pack. Examiner-ready evidence bundle for the next BNM thematic review.

Related services

Frequently asked questions

PAM vs IAM — what's the difference?

IAM (Identity & Access Management) governs the everyday workforce — joiners, movers, leavers, SSO, MFA, the standard-user lifecycle. PAM (Privileged Access Management) governs the small but extremely high-impact population of accounts that can change infrastructure: domain admins, root, kubernetes admins, vault admins, cloud root accounts, database superusers, network device privileged credentials. PAM adds vault-based credential storage, just-in-time access requests, session recording, and continuous access review on top of standard IAM. They are complementary; an enterprise needs both.

Why managed vs DIY?

PAM platforms are notoriously easy to buy and very hard to operate well. The vault is deployed, integrations are wired, and within 18 months the operations discipline has decayed: emergency access requests pile up, session recordings are not reviewed, integrations break silently, access reviews lapse. Co-managed PAM keeps the customer in ownership of the platform and policy while nCrypt operates the day-to-day discipline — vault admin, JIT approval workflow, session monitoring, quarterly access reviews, SLA-backed emergency provisioning. The customer gets the benefit of PAM without the staffing burden of a 24x7 vault team.

Which PAM platform should we pick?

We are deliberately vendor-neutral. nCrypt has delivery experience across CyberArk (the enterprise default for FSI), BeyondTrust (strong on session management), Delinea formerly Thycotic (faster time-to-value, popular with mid-market), and HashiCorp Vault (the secrets-management standard for cloud-native estates). Selection is driven by your existing identity stack, regulatory scope, integration footprint and operational maturity — not by a vendor relationship. We will run a structured shoot-out as part of scoping.

Does this satisfy BNM RMiT?

Yes — co-managed PAM directly addresses RMiT paragraphs 10.49 (privileged access controls), 10.50 (segregation of duties), and 10.55 (logging and monitoring of privileged activity). The deliverables — vault inventory, JIT approval audit trail, session recordings, quarterly access review attestation — are designed to be examiner-ready. Our quarterly board summary maps each RMiT clause to operational evidence.

Cost ballpark?

Co-managed PAM typically prices in two layers — the platform licensing (per privileged identity, paid to the PAM vendor) and the nCrypt operations subscription (tiered by number of vaults, integration count and SLA). For a mid-sized Malaysian FI with 200-500 privileged identities, total cost lands in the high five-figure to low six-figure RM per year range. We provide a written quote after a 1-hour scoping call. Onboarding deployment is a separate one-time engagement of 4-6 weeks.

Prefer PAM hardware on a 36-month lease?

PAM-as-a-Service: appliance, onboarding, session-recording review

CyberArk or BeyondTrust appliance leased on 36-month terms with quarterly privilege reviews and the BNM RMiT audit pack. From RM3,500/month.

See the lease bundle →

Ready to keep PAM disciplined past month 18?

Scoping calls take 30 minutes. Onboarding runs 4-6 weeks. From week seven, you have a co-managed PAM operation that survives the inevitable staff turnover and stays examiner-ready.

Get a Scope

Not sure what you need?

Tell us what needs testing and we come back with a fixed fee within 48 hours — no hourly estimates.