Thanks for opening this bug.
The file created in /etc/NetworkManager/system-connections has the
following permissions:
-rw------- 1 root root 568 2010-01-25 09:14 Wireless connection 1
So, the password is only readable by root.
This isn't a security issue.
** Changed in: network-manager (Ubuntu)
Status: New => Invalid
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Network manager stores password in plaintext
https://bugs.launchpad.net/bugs/511946
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