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IDENTITY & ACCESS · FINANCIAL SECURITY GLOSSARY

Authentication

The process of verifying that a user, device or service is who or what it claims to be.

QUICK DEFINITION

Authentication — The process of verifying that a user, device or service is who or what it claims to be.

WHY IT MATTERS

Why Authentication matters in finance

Strong authentication is a core control against unauthorized access to financial systems.

FINANCIAL SYSTEM CONTEXT

Security is also a market-infrastructure question

In financial services, authentication should be understood in relation to operational continuity, data integrity, payments, market infrastructure and interconnected dependencies. A control can be technically effective while still leaving material resilience risk if critical services cannot continue or recover during disruption.

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