diff --git a/monkey/common/credentials/password.py b/monkey/common/credentials/password.py
index ff6da0eae..1fee478aa 100644
--- a/monkey/common/credentials/password.py
+++ b/monkey/common/credentials/password.py
@@ -1,8 +1,25 @@
 from dataclasses import dataclass, field
 
+from marshmallow import Schema, fields, post_load, validate
+from marshmallow_enum import EnumField
+
+from common.utils.code_utils import del_key
+
 from . import CredentialComponentType, ICredentialComponent
 
 
+class PasswordSchema(Schema):
+    credential_type = EnumField(
+        CredentialComponentType, validate=validate.Equal(CredentialComponentType.PASSWORD)
+    )
+    password = fields.Str()
+
+    @post_load
+    def _strip_credential_type(self, data, **kwargs):
+        del_key(data, "credential_type")
+        return data
+
+
 @dataclass(frozen=True)
 class Password(ICredentialComponent):
     credential_type: CredentialComponentType = field(
diff --git a/monkey/tests/unit_tests/common/credentials/test_password.py b/monkey/tests/unit_tests/common/credentials/test_password.py
new file mode 100644
index 000000000..deb9ca594
--- /dev/null
+++ b/monkey/tests/unit_tests/common/credentials/test_password.py
@@ -0,0 +1,49 @@
+from copy import deepcopy
+
+import pytest
+from marshmallow.exceptions import ValidationError
+
+from common.credentials import CredentialComponentType, Password
+from common.credentials.password import PasswordSchema
+
+PASSWORD_VALUE = "123456"
+PASSWORD_DICT = {
+    "credential_type": CredentialComponentType.PASSWORD.name,
+    "password": PASSWORD_VALUE,
+}
+
+
+def test_password_serialize():
+    schema = PasswordSchema()
+    password = Password(PASSWORD_VALUE)
+
+    serialized_password = schema.dump(password)
+
+    assert serialized_password == PASSWORD_DICT
+
+
+def test_password_deserialize():
+    schema = PasswordSchema()
+
+    password = Password(**schema.load(PASSWORD_DICT))
+
+    assert password.credential_type == CredentialComponentType.PASSWORD
+    assert password.password == PASSWORD_VALUE
+
+
+def test_invalid_credential_type():
+    invalid_password_dict = deepcopy(PASSWORD_DICT)
+    invalid_password_dict["credential_type"] = "INVALID"
+    schema = PasswordSchema()
+
+    with pytest.raises(ValidationError):
+        Password(**schema.load(invalid_password_dict))
+
+
+def test_incorrect_credential_type():
+    invalid_password_dict = deepcopy(PASSWORD_DICT)
+    invalid_password_dict["credential_type"] = CredentialComponentType.USERNAME.name
+    schema = PasswordSchema()
+
+    with pytest.raises(ValidationError):
+        Password(**schema.load(invalid_password_dict))
diff --git a/vulture_allowlist.py b/vulture_allowlist.py
index a3393325e..b04ec8cca 100644
--- a/vulture_allowlist.py
+++ b/vulture_allowlist.py
@@ -196,6 +196,9 @@ _make_tcp_scan_configuration  # unused method (monkey/common/configuration/agent
 _make_network_scan_configuration  # unused method (monkey/common/configuration/agent_configuration.py:110)
 _make_propagation_configuration  # unused method (monkey/common/configuration/agent_configuration.py:167)
 
+# Credentials
+_strip_credential_type  # unused method(monkey/common/credentials/password.py:18)
+
 # Models
 _make_simulation  # unused method (monkey/monkey_island/cc/models/simulation.py:19