diff --git a/src/wp-admin/about.php b/src/wp-admin/about.php
index b6e3202acd..e3845b0435 100644
--- a/src/wp-admin/about.php
+++ b/src/wp-admin/about.php
@@ -62,6 +62,26 @@ include( ABSPATH . 'wp-admin/admin-header.php' );
 
 		<div class="changelog point-releases">
 			<h3><?php _e( 'Maintenance and Security Releases' ); ?></h3>
+			<p>
+				<?php
+				printf(
+					/* translators: %s: WordPress version number */
+					__( '<strong>Version %s</strong> addressed some security issues.' ),
+					'5.0.12'
+				);
+				?>
+				<?php
+				printf(
+					/* translators: %s: HelpHub URL */
+					__( 'For more information, see <a href="%s">the release notes</a>.' ),
+					sprintf(
+						/* translators: %s: WordPress version */
+						esc_url( __( 'https://wordpress.org/support/wordpress-version/version-%s/' ) ),
+						sanitize_title( '5.0.12' )
+					)
+				);
+				?>
+			</p>
 			<p>
 				<?php
 				printf(
diff --git a/src/wp-includes/rest-api/endpoints/class-wp-rest-posts-controller.php b/src/wp-includes/rest-api/endpoints/class-wp-rest-posts-controller.php
index 194131af72..e9d0416934 100644
--- a/src/wp-includes/rest-api/endpoints/class-wp-rest-posts-controller.php
+++ b/src/wp-includes/rest-api/endpoints/class-wp-rest-posts-controller.php
@@ -32,6 +32,14 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 	 */
 	protected $meta;
 
+	/**
+	 * Passwordless post access permitted.
+	 *
+	 * @since 5.7.1
+	 * @var int[]
+	 */
+	protected $password_check_passed = array();
+
 	/**
 	 * Constructor.
 	 *
@@ -137,6 +145,38 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 		return true;
 	}
 
+	/**
+	 * Override the result of the post password check for REST requested posts.
+	 *
+	 * Allow users to read the content of password protected posts if they have
+	 * previously passed a permission check or if they have the `edit_post` capability
+	 * for the post being checked.
+	 *
+	 * @since 5.7.1
+	 *
+	 * @param bool    $required Whether the post requires a password check.
+	 * @param WP_Post $post     The post been password checked.
+	 * @return bool Result of password check taking in to account REST API considerations.
+	 */
+	public function check_password_required( $required, $post ) {
+		if ( ! $required ) {
+			return $required;
+		}
+
+		$post = get_post( $post );
+
+		if ( ! $post ) {
+			return $required;
+		}
+
+		if ( ! empty( $this->password_check_passed[ $post->ID ] ) ) {
+			// Password previously checked and approved.
+			return false;
+		}
+
+		return ! current_user_can( 'edit_post', $post->ID );
+	}
+
 	/**
 	 * Retrieves a collection of posts.
 	 *
@@ -292,7 +332,7 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 
 		// Allow access to all password protected posts if the context is edit.
 		if ( 'edit' === $request['context'] ) {
-			add_filter( 'post_password_required', '__return_false' );
+			add_filter( 'post_password_required', array( $this, 'check_password_required' ), 10, 2 );
 		}
 
 		$posts = array();
@@ -308,7 +348,7 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 
 		// Reset filter.
 		if ( 'edit' === $request['context'] ) {
-			remove_filter( 'post_password_required', '__return_false' );
+			remove_filter( 'post_password_required', array( $this, 'check_password_required' ) );
 		}
 
 		$page = (int) $query_args['paged'];
@@ -406,7 +446,7 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 
 		// Allow access to all password protected posts if the context is edit.
 		if ( 'edit' === $request['context'] ) {
-			add_filter( 'post_password_required', '__return_false' );
+			add_filter( 'post_password_required', array( $this, 'check_password_required' ), 10, 2 );
 		}
 
 		if ( $post ) {
@@ -434,8 +474,14 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 			return false;
 		}
 
-		// Edit context always gets access to password-protected posts.
-		if ( 'edit' === $request['context'] ) {
+		/*
+		 * Users always gets access to password protected content in the edit
+		 * context if they have the `edit_post` meta capability.
+		 */
+		if (
+			'edit' === $request['context'] &&
+			current_user_can( 'edit_post', $post->ID )
+		) {
 			return true;
 		}
 
@@ -1507,8 +1553,9 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 		$has_password_filter = false;
 
 		if ( $this->can_access_password_content( $post, $request ) ) {
+			$this->password_check_passed[ $post->ID ] = true;
 			// Allow access to the post, permissions already checked before.
-			add_filter( 'post_password_required', '__return_false' );
+			add_filter( 'post_password_required', array( $this, 'check_password_required' ), 10, 2 );
 
 			$has_password_filter = true;
 		}
@@ -1535,7 +1582,7 @@ class WP_REST_Posts_Controller extends WP_REST_Controller {
 
 		if ( $has_password_filter ) {
 			// Reset filter.
-			remove_filter( 'post_password_required', '__return_false' );
+			remove_filter( 'post_password_required', array( $this, 'check_password_required' ) );
 		}
 
 		if ( in_array( 'author', $fields, true ) ) {
diff --git a/tests/phpunit/tests/rest-api/rest-posts-controller.php b/tests/phpunit/tests/rest-api/rest-posts-controller.php
index 27a1fa354b..f66402e679 100644
--- a/tests/phpunit/tests/rest-api/rest-posts-controller.php
+++ b/tests/phpunit/tests/rest-api/rest-posts-controller.php
@@ -1223,6 +1223,32 @@ class WP_Test_REST_Posts_Controller extends WP_Test_REST_Post_Type_Controller_Te
 		$this->assertErrorResponse( 'rest_forbidden', $response, 401 );
 	}
 
+	public function test_get_post_draft_edit_context() {
+		$post_content = 'Hello World!';
+		$this->factory->post->create(
+			array(
+				'post_title'    => 'Hola',
+				'post_password' => 'password',
+				'post_content'  => $post_content,
+				'post_excerpt'  => $post_content,
+				'post_author'   => self::$editor_id,
+			)
+		);
+		$draft_id = $this->factory->post->create(
+			array(
+				'post_status'  => 'draft',
+				'post_author'  => self::$contributor_id,
+				'post_content' => '<!-- wp:latest-posts {"displayPostContent":true} /--> <!-- wp:latest-posts {"displayPostContent":true,"displayPostContentRadio":"full_post"} /-->',
+			)
+		);
+		wp_set_current_user( self::$contributor_id );
+		$request = new WP_REST_Request( 'GET', sprintf( '/wp/v2/posts/%d', $draft_id ) );
+		$request->set_param( 'context', 'edit' );
+		$response = rest_get_server()->dispatch( $request );
+		$data     = $response->get_data();
+		$this->assertNotContains( $post_content, $data['content']['rendered'] );
+	}
+
 	public function test_get_post_invalid_id() {
 		$request = new WP_REST_Request( 'GET', '/wp/v2/posts/' . REST_TESTS_IMPOSSIBLY_HIGH_NUMBER );
 		$response = $this->server->dispatch( $request );