Password field can be accessed despite it being a private field
Storage slots of contracts can be accessed by libraries such as ethers.js or web3.js. A malicious user can simply call a function and directly access storage slot with index 1 to get the user's password.
User's password will be public information which can lead to more issues if the same password is used in other places.
Manual Review
Do not use the blockchain to store sensitive information such as passwords and anything other you might consider private information. Use traditional databases or password managers for that.
Private functions and state variables are only visible for the contract they are defined in and not in derived contracts. In this case private doesn't mean secret/confidential
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