An electronic device is provided. The electronic device includes at least one communication module and a processor, wherein the processor is operatively connected to the at least one communication module. The processor is configured to transmit a result of authentication of a user of the electronic device and a request for registration for a security parameter which corresponds to the user and is received from a first external electronic device to a second external electronic device via the at least one communication module in response to a request for execution of a specified function supported by an application, and perform the specified function in response to the request for execution if the registration is successful.