What is the role of the CPM in regards to configuration files?

The correct choice highlights a key function of the CyberArk Central Policy Manager (CPM). The CPM is primarily responsible for managing and controlling the lifecycle of application accounts, and part of this involves handling the application account credentials that are often stored in configuration files. This includes managing their access and ensuring that they are used securely within the applications.

Application accounts are typically used to facilitate automated processes or services, and these accounts need to be protected and administered properly. The CPM automates the management of these accounts, ensuring they are up to date, secure, and compliant with organizational policies. This function is crucial for maintaining the overall security posture related to privileged accounts, which could otherwise be susceptible to unauthorized access or misuse if not effectively managed.

The other options do not accurately reflect the main responsibilities of the CPM. While securing configuration files through encryption is certainly a critical aspect of securing sensitive data, it is not the primary role of the CPM. The CPM’s main focus is on the management of application accounts and their integration within the organization's privileged access security framework.