Waveshare RS232/485 TO WIFI ETH (B) Serial to Ethernet/Wi-Fi Gateway Firmware V3.1.1.0: HW 4.3.2.1: Webpage V7.04T.07.002880.0301 was discovered to render the Administrator password in plaintext.
The product transmits or stores authentication credentials, but it uses an insecure method that is susceptible to unauthorized interception and/or retrieval.