diff --git a/src/libraries/System.Security.Cryptography.Algorithms/src/System/Security/Cryptography/Rfc2898DeriveBytes.cs b/src/libraries/System.Security.Cryptography.Algorithms/src/System/Security/Cryptography/Rfc2898DeriveBytes.cs
index b6e615e2b880c..bf833303ecc90 100644
--- a/src/libraries/System.Security.Cryptography.Algorithms/src/System/Security/Cryptography/Rfc2898DeriveBytes.cs
+++ b/src/libraries/System.Security.Cryptography.Algorithms/src/System/Security/Cryptography/Rfc2898DeriveBytes.cs
@@ -16,7 +16,6 @@ public class Rfc2898DeriveBytes : DeriveBytes
     {
         private const int MinimumSaltSize = 8;
 
-        private readonly byte[] _password;
         private byte[] _salt;
         private uint _iterations;
         private HMAC _hmac;
@@ -38,26 +37,8 @@ public Rfc2898DeriveBytes(byte[] password, byte[] salt, int iterations)
         }
 
         public Rfc2898DeriveBytes(byte[] password, byte[] salt, int iterations, HashAlgorithmName hashAlgorithm)
+            :this(password, salt, iterations, hashAlgorithm, clearPassword: false)
         {
-            if (salt == null)
-                throw new ArgumentNullException(nameof(salt));
-            if (salt.Length < MinimumSaltSize)
-                throw new ArgumentException(SR.Cryptography_PasswordDerivedBytes_FewBytesSalt, nameof(salt));
-            if (iterations <= 0)
-                throw new ArgumentOutOfRangeException(nameof(iterations), SR.ArgumentOutOfRange_NeedPosNum);
-            if (password == null)
-                throw new NullReferenceException();  // This "should" be ArgumentNullException but for compat, we throw NullReferenceException.
-
-            _salt = new byte[salt.Length + sizeof(uint)];
-            salt.AsSpan().CopyTo(_salt);
-            _iterations = (uint)iterations;
-            _password = password.CloneByteArray();
-            HashAlgorithm = hashAlgorithm;
-            _hmac = OpenHmac();
-            // _blockSize is in bytes, HashSize is in bits.
-            _blockSize = _hmac.HashSize >> 3;
-
-            Initialize();
         }
 
         public Rfc2898DeriveBytes(string password, byte[] salt)
@@ -71,7 +52,7 @@ public Rfc2898DeriveBytes(string password, byte[] salt, int iterations)
         }
 
         public Rfc2898DeriveBytes(string password, byte[] salt, int iterations, HashAlgorithmName hashAlgorithm)
-            : this(Encoding.UTF8.GetBytes(password), salt, iterations, hashAlgorithm)
+            : this(Encoding.UTF8.GetBytes(password), salt, iterations, hashAlgorithm, clearPassword: true)
         {
         }
 
@@ -98,15 +79,43 @@ public Rfc2898DeriveBytes(string password, int saltSize, int iterations, HashAlg
             RandomNumberGenerator.Fill(_salt.AsSpan(0, saltSize));
 
             _iterations = (uint)iterations;
-            _password = Encoding.UTF8.GetBytes(password);
+            byte[] passwordBytes = Encoding.UTF8.GetBytes(password);
             HashAlgorithm = hashAlgorithm;
-            _hmac = OpenHmac();
+            _hmac = OpenHmac(passwordBytes);
+            CryptographicOperations.ZeroMemory(passwordBytes);
             // _blockSize is in bytes, HashSize is in bits.
             _blockSize = _hmac.HashSize >> 3;
 
             Initialize();
         }
 
+        private Rfc2898DeriveBytes(byte[] password, byte[] salt, int iterations, HashAlgorithmName hashAlgorithm, bool clearPassword)
+        {
+            if (salt is null)
+                throw new ArgumentNullException(nameof(salt));
+            if (salt.Length < MinimumSaltSize)
+                throw new ArgumentException(SR.Cryptography_PasswordDerivedBytes_FewBytesSalt, nameof(salt));
+            if (iterations <= 0)
+                throw new ArgumentOutOfRangeException(nameof(iterations), SR.ArgumentOutOfRange_NeedPosNum);
+            if (password is null)
+                throw new NullReferenceException();  // This "should" be ArgumentNullException but for compat, we throw NullReferenceException.
+
+            _salt = new byte[salt.Length + sizeof(uint)];
+            salt.AsSpan().CopyTo(_salt);
+            _iterations = (uint)iterations;
+            HashAlgorithm = hashAlgorithm;
+            _hmac = OpenHmac(password);
+
+            if (clearPassword)
+            {
+                CryptographicOperations.ZeroMemory(password);
+            }
+
+            // _blockSize is in bytes, HashSize is in bits.
+            _blockSize = _hmac.HashSize >> 3;
+            Initialize();
+        }
+
         public int IterationCount
         {
             get
@@ -155,8 +164,6 @@ protected override void Dispose(bool disposing)
 
                 if (_buffer != null)
                     Array.Clear(_buffer, 0, _buffer.Length);
-                if (_password != null)
-                    Array.Clear(_password, 0, _password.Length);
                 if (_salt != null)
                     Array.Clear(_salt, 0, _salt.Length);
             }
@@ -228,9 +235,9 @@ public override void Reset()
         }
 
         [System.Diagnostics.CodeAnalysis.SuppressMessage("Microsoft.Security", "CA5350", Justification = "HMACSHA1 is needed for compat. (https://github.com/dotnet/runtime/issues/17618)")]
-        private HMAC OpenHmac()
+        private HMAC OpenHmac(byte[] password)
         {
-            Debug.Assert(_password != null);
+            Debug.Assert(password != null);
 
             HashAlgorithmName hashAlgorithm = HashAlgorithm;
 
@@ -238,13 +245,13 @@ private HMAC OpenHmac()
                 throw new CryptographicException(SR.Cryptography_HashAlgorithmNameNullOrEmpty);
 
             if (hashAlgorithm == HashAlgorithmName.SHA1)
-                return new HMACSHA1(_password);
+                return new HMACSHA1(password);
             if (hashAlgorithm == HashAlgorithmName.SHA256)
-                return new HMACSHA256(_password);
+                return new HMACSHA256(password);
             if (hashAlgorithm == HashAlgorithmName.SHA384)
-                return new HMACSHA384(_password);
+                return new HMACSHA384(password);
             if (hashAlgorithm == HashAlgorithmName.SHA512)
-                return new HMACSHA512(_password);
+                return new HMACSHA512(password);
 
             throw new CryptographicException(SR.Format(SR.Cryptography_UnknownHashAlgorithm, hashAlgorithm.Name));
         }
diff --git a/src/libraries/System.Security.Cryptography.Algorithms/tests/Rfc2898Tests.cs b/src/libraries/System.Security.Cryptography.Algorithms/tests/Rfc2898Tests.cs
index 8090be717e487..c8fabd02d466a 100644
--- a/src/libraries/System.Security.Cryptography.Algorithms/tests/Rfc2898Tests.cs
+++ b/src/libraries/System.Security.Cryptography.Algorithms/tests/Rfc2898Tests.cs
@@ -409,6 +409,38 @@ public static void GetBytes_ExceedCounterLimit()
             }
         }
 
+        [Fact]
+        public static void Ctor_PasswordMutatedAfterCreate()
+        {
+            byte[] passwordBytes = Encoding.UTF8.GetBytes(TestPassword);
+            byte[] derived;
+
+            using (Rfc2898DeriveBytes deriveBytes = new Rfc2898DeriveBytes(passwordBytes, s_testSaltB, DefaultIterationCount))
+            {
+                derived = deriveBytes.GetBytes(64);
+            }
+
+            using (Rfc2898DeriveBytes deriveBytes = new Rfc2898DeriveBytes(passwordBytes, s_testSaltB, DefaultIterationCount))
+            {
+                passwordBytes[0] ^= 0xFF; // Flipping a byte after the object is constructed should not be observed.
+
+                byte[] actual = deriveBytes.GetBytes(64);
+                Assert.Equal(derived, actual);
+            }
+        }
+
+        [Fact]
+        public static void Ctor_PasswordBytes_NotCleared()
+        {
+            byte[] passwordBytes = Encoding.UTF8.GetBytes(TestPassword);
+            byte[] passwordBytesOriginal = passwordBytes.AsSpan().ToArray();
+
+            using (Rfc2898DeriveBytes deriveBytes = new Rfc2898DeriveBytes(passwordBytes, s_testSaltB, DefaultIterationCount))
+            {
+                Assert.Equal(passwordBytesOriginal, passwordBytes);
+            }
+        }
+
         private static void TestKnownValue(string password, byte[] salt, int iterationCount, byte[] expected)
         {
             byte[] output;