Cybercriminals often create fake websites that are hard to tell apart from real ones. You might think that you’re entering your password on an online banking website, when in reality you’re just giving it directly to a criminal.
Besides this, many people use the same password on multiple sites. This is a serious security risk. If hackers learn your password from an online shopping site, and you use the same password for online banking, they could gain access to all the money on your account.