Well, I run across this question today and I have decided to talk about it a little here. It’s pretty interesting and simple to answer at the same time. Most of the time you when purchase a shared hosting package from a hosting company you are allocated a directory where you can put all your files your web site consist of.
From time to time you might decide you want to take security one step further and you just create a “password protected” directory and thus only people who know the password should have access to it’s content. So far so good, but this is only a theory. In fact you are hosted on a shared server and as we already know – or as we should know – you are not a super user [root], but only an ordinary user on the shared server.
Thus you can protect a directory so other shared “users” don’t have access to your protected directory, and only people who know the password have access to it, but there is still one person who has access to it and can do anything to it if he wants or needs to! It’s the hosting company and they have on each machine a root user account. It’s the well known super user. This user can change permissions for every user on the system. He can change passwords not only for himself, but for any user on the system. He can change pretty anything he wants to!
Your data is secure and there is no need to panic. I just wanted to make sure you understand, that in the shared hosting environment you are still only a user of the server and have only a restricted set of permissions. In shared hosting there is always someone with higher permissions that your own account – the super user. The hosting company might use it to troubleshoot your problems and help you out!
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But you need to be careful and choose what you upload and what you do not, because you have to trust your host that he does not accidentally or intentionally misuses your data! Thus always read the Terms of Service and Privacy policy, or any applicable policy;)
If you want to worry about something worry about the search engines and bad set up of your web site installation, which might reveal some things you don’t want to be revealed 
Try to read about how to make Joomla! or WordPress more secure & search engines proof 
Have a nice day and enjoy today’s nice sunny weather, at least where I am it’s sunny Well, and don’t be shy and leave a comment about this topic if you have something to say about it!
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