diff --git a/wp-admin/includes/class-wp-filesystem-ssh2.php b/wp-admin/includes/class-wp-filesystem-ssh2.php
index 2b3edf1adc..d68f1433d1 100644
--- a/wp-admin/includes/class-wp-filesystem-ssh2.php
+++ b/wp-admin/includes/class-wp-filesystem-ssh2.php
@@ -103,6 +103,8 @@ class WP_Filesystem_SSH2 extends WP_Filesystem_Base {
 			// Password can be blank if we are using keys.
 			if ( ! $this->keys ) {
 				$this->errors->add( 'empty_password', __( 'SSH2 password is required' ) );
+			} else {
+				$this->options['password'] = null;
 			}
 		} else {
 			$this->options['password'] = $opt['password'];
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 818edeac23..0efbc4d14a 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -16,7 +16,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '6.3-beta2-56110';
+$wp_version = '6.3-beta2-56111';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.