Privileged Accounts

Definition ∞ Privileged Accounts are user accounts within a system that possess elevated access rights and permissions, enabling them to perform critical administrative functions. In digital asset platforms, these accounts could belong to exchange administrators, smart contract owners, or protocol developers, granting control over significant system operations or assets. Securing these accounts is paramount to system integrity.
Context ∞ Security breaches often involve the compromise of privileged accounts, making their protection a constant concern in crypto news and cybersecurity reports. The implementation of robust access controls, multi-factor authentication, and strict auditing procedures remains a key area of focus for digital asset service providers.