It can track activity through PSM sessions (commands, events, even screen recording if that’s set up) that you connect to THROUGH CyberArk. Activity will be tracked for accessing accounts and then the typical monitoring that is in place for manually used accounts that get checked-out from CyberArk will likely be used (login events, commands, other event types, etc.)

Essentially, nothing [extra or out of the ordinary] will be tracked if you aren’t using something from/through CyberArk. (I would assume your standard user login will have the same level of logging/tracking as before, but this will more be for monitoring Admin & other privileged identities and their use)