What are some potential pitfalls of using PHP for creating a password-protected content update feature for a website?

One potential pitfall of using PHP for creating a password-protected content update feature is the risk of storing passwords in plain text, which can compromise the security of the website. To mitigate this risk, passwords should be securely hashed before being stored in the database.

// Hash the password before storing it in the database
$password = password_hash($_POST['password'], PASSWORD_DEFAULT);