diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8d78acf..e2578b6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,8 +9,15 @@
 - Addresses, ids and every other text field on the wire are read and written as latin1. A
   `source_addr` of `Kaffeé` previously reached the application as `Kaffei`, because the codec wrote
   the octet and then masked bit 7 reading it back; `destination_addr`, `system_id`, `message_id`,
-  `service_type` and the C-Octet String TLVs were affected the same way. A character past `U+00FF`
-  in one of those fields is now refused, where it used to go out as its low octet.
+  `password`, `service_type` and the C-Octet String TLVs were affected the same way. A character past
+  `U+00FF` in one of those fields is now refused, where it used to go out as its low octet.
+
+  **A server comparing `systemId` or `password` could be impersonated.** Masking bit 7 folded 127 of
+  the 255 non-zero octets onto a character a low octet also reaches, so the bind credentials your
+  `authenticate` received were not unique to the octets the peer sent: one refused as `admin` could
+  bind as `\xE1dmin` and match the same string. latin1 is one-to-one over the octets, so two
+  different wire values no longer arrive as one. Read 0.5.0 bind logs for a `systemId` you did not
+  issue.
 
   **Check what you stored before you roll this out.** Values your application persisted under 0.5.0
   were read with bit 7 masked, so an address or a `message_id` carrying an octet above `0x7F` is