DEFINITELY take AKOZLOV's advice and MD5 your passwords in a text file. Understand that any system is at risk for a wide variety of security exploits. Brute-force attacks, social engineering and new hacks of all types make servers vulnerable. With a single point of vulnerability (e.g., an unsecured FTP server, mailer daemon, etc.) someone can break into your system and make off with your plaintext usernames and passwords (and presumably use them to attack other systems).
Let me know if you need more info, but I would highly recommend taking the extra five minutes of programming time to secure your file.
Dave
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