The Waveshare RS232/485 TO WIFI ETH (B) Serial to Ethernet/Wi-Fi Gateway is a network device that allows users to connect their devices to the internet via Wi-Fi. This vulnerability, discovered in firmware version 3.1.1.0, HW 4.3.2.1, and Webpage V7.04T.07.002880.0301, allows attackers to transmit Administrator credentials in plaintext, posing a significant risk to users who have not properly secured their devices.