There are several possible vulnerabilities of relying solely on password-based security:

  1. Passwords can be easily forgotten, resulting in locked accounts and lost productivity.
  2. Passwords can be guessed or cracked through various means, such as brute-force attacks or dictionary attacks.
  3. Passwords could be shared with other persons and might be misused.
  4. Users may note down their passwords in a book which can be accessed and viewed by others.
  5. Passwords can be stolen through phishing scams or other types of social engineering attacks.
  6. Passwords can be shared or reused, creating a single point of failure if the password is compromised.
  7. Passwords can also be stored in plain text in the servers, and if the servers are compromised, the passwords are also compromised.
  8. If a user is using weak and easily guessable passwords, it increases the vulnerability for account getting hacked.

As a security measure Multi-factor authentication, password managers, and other forms of authentication can be used in conjunction with passwords to mitigate these risks.

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