System and method for reducing authentication delays related to security module processing

A method comprising:

• storing, in association with an account, a first authentication code to authenticate future actions, the first authentication code being generated based on hashing (i) a first partial secret comprising an account identifier associated with the account, (ii) a second partial secret derived by a security module based on the account identifier, and (iii) a key associated with the account identifier;
• obtaining an authentication request, to authenticate an action associated with the account, comprising the account identifier and a verification code;
• generating a security module request for the security module to provide a security module response related to the verification code of the authentication request;
• and
• in connection with a security-module-derived delay of the security module in providing the security module response satisfying a delay threshold, providing an authentication response that is based on (i) the first authentication code and (ii) a second authentication code generated by hashing (a) the account identifier of the authentication request, (b) the verification code of the authentication request, and (c) the key, wherein the security-module-derived delay of the security module in providing the security module response satisfies the delay threshold.

One or more non-transitory computer-readable media comprising instructions that, when executed by one or more processors, cause operations comprising:

• storing, in association with an account, a first authentication code to authenticate future actions, the first authentication code being generated based on hashing (i) a first partial secret comprising an account identifier associated with the account, (ii) a second partial secret derived by a security module using the account identifier, and (iii) a key;
• obtaining an authentication request, to authenticate an action associated with the account, comprising the account identifier and a code;
• generating a security module request for the security module to provide a security module response related to the code;
• and
• in connection with a security-module-derived delay of the security module in providing the security module response satisfying a delay threshold, providing an authentication response that is based on (i) the first authentication code and (ii) a second authentication code generated via hashing (a) the account identifier of the authentication request, (b) the code of the authentication request, and (c) the key.