Role-Based Access Control (RBAC) is a model established in 1992 that simplifies security administration in large networks by assigning roles to users rather than managing individual access rights. The technology has been widely adopted across various sectors and has saved the industry approximately $1.1 billion, primarily through enhanced efficiency and reduced downtime. The document also compares RBAC with Attribute-Based Access Control (ABAC) and discusses ongoing research and updates to RBAC standards.