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Managed identities and federated identity credentials remove the secret from a workload's sign-in, and with it the threats people know how to watch for. This series studies what replaces them: why the resource an identity is attached to becomes the credential, why federated credentials form a trust path that has no expiry, no secret to scan and no policy control, and why removing a managed identity's access can take hours. Grounded in Microsoft Learn's managed identity and workload identity federation documentation, the Microsoft Graph credential and policy references, OAuth 2.0 and JWT standards, and NIST SP 800-207.