There is an easy way around the password security on this program that renders is pointless for parents or others hoping to limit access to the Internet.
When the password option is utilitized, the password is visible in the program's preference file. A simple search for the CutX program files on the hard drive reveals the preference file and right there is the password.
I brought this fault in the program to the company's attention and was told no one would look for the password. Clearly they don't have kids or bored employees.
If you are looking for a secure Internet program go elsewhere until the company acknowledges this problem and patches the hole.