Linux password bypassed

So you think Linux is very secure, then think again. This procedure has been tested on linux 12.04 and has worked successfully.
Procedure:
1) Boot up the computer
2) Once the BIOS has fully loaded press shift
3) Select recovery mode
4) Select drop to root shell
5) Type ls /home to view the user accounts available
6) Type mount –rw –o remount /
7) Type passwd useraccount
8) Type the new password
9) Re type the new password
10) Type exit
11) Press ctrl + alt +Delete to reboot your computer

NOTES
The password will not be visible while setting it