O atraso é diminuir as tentativas de cracking feitas pelo software automatizado. Sem demora, as tentativas de cracking seriam muito mais rápidas.
Documentação: Veja homem pam_fail_delay
FUNDAMENTO
It is often possible to attack an authentication scheme by exploiting the time it takes the scheme to deny access to an applicant user. In cases of short timeouts, it may prove possible to attempt a brute force dictionary attack -- with an automated process, the attacker tries all possible passwords to gain access to the system. In other cases, where individual failures can take measurable amounts of time (indicating the nature of the failure), an attacker can obtain useful information about the authentication process. These latter attacks make use of procedural delays that constitute a covert channel of useful information. To minimize the effectiveness of such attacks, it is desirable to introduce a random delay in a failed authentication process. Preferable this value should be set by the application or a special PAM module. Standard PAM modules should not modify the delay unconditional.