What are the security risks of storing passwords in plain text in PHP scripts?

Storing passwords in plain text in PHP scripts poses a significant security risk as anyone with access to the script can easily view the passwords. To mitigate this risk, passwords should be securely hashed before storage using a strong hashing algorithm like bcrypt. 

$password = "myPassword123";
$hashedPassword = password_hash($password, PASSWORD_BCRYPT);

Keywords

security risks storing passwords plain text PHP scripts data encryption

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