How do you securely manage privileged passwords?

[User 13227176]

Hello, It is difficult to securely manage access to thousands of privileged accounts. In our organization, i noticed that the passwords to privileged accounts are often the same on many systems and rarely (if ever) changed. I know there are serious consequences to these password management practices, there is no accountability for use of shared, privileged accounts. This is both a security / regulatory compliance problem and a problem with diagnosing operational problems. Are there several technological approaches to more securely manage server privileged passwords? Please help me out with your suggestions. Thanks in advance. Animated Video