What are the potential consequences of not properly hashing passwords in a PHP application?

If passwords are not properly hashed in a PHP application, it can lead to security vulnerabilities such as unauthorized access to user accounts. To solve this issue, passwords should be securely hashed using PHP's password_hash() function with the PASSWORD_DEFAULT algorithm. 

$password = "password123";
$hashed_password = password_hash($password, PASSWORD_DEFAULT);

Keywords

password hashing security vulnerability PHP application password encryption data breach

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