What does the principle of least privilege mean as applied to security?

Question: What does the principle of least privilege mean as applied to security?

The principle of least privilege is a concept that states that all users, including systems, should only have the access, permissions, and rights necessary to perform their specific job functions. This is a principle of security that limits the amount of access to a restricted amount and mitigates the risk of malicious activity or abuse of rights. With the principle of least privilege applied, users, processes, and systems only have the necessary privileges to perform their operations, and nothing more.

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