In eCM you could secure a piece of content but it would still show up for users who weren't logged in, as well as for logged in users who didn't have access.
It seems that with WCM if you don't have access to content, you don't see it (unless the link is hardcoded).
Is there a setting that anyone has found that switches this on/off?
Additional access control properties
WCM lets you secure Navigation Items independently from Content Records: security for a Navigation Item can hide the item from certain users, and the security for a Content Record can prevent the content from showing up in Search results and Tagged Lists.
But each Content Record has two additional properties to control access:
These options let you protect content while allowing site visitors to see the link. Is this the behavior you want?