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You can read more on the security risk in: https://technet.microsoft.com/enSHOWPLAN Permission and Transact-us/library/ms178086SQL Batches:

Users who have SHOWPLAN, ALTER TRACE, or VIEW SERVER STATE permission can view queries that are captured in Showplan output. These queries may contain sensitive information such as passwords. Therefore, we recommend that you only grant these permissions to users who are authorized to view sensitive information, such as members of the db_owner fixed database role, or members of the sysadmin fixed server role. We also recommend that you only save Showplan files or trace files that contain Showplan-related events to a location that uses the NTFS file system, and that you restrict access to users who are authorized to view sensitive information.

Security Note
Users who have SHOWPLAN, ALTER TRACE, or VIEW SERVER STATE permission can view queries that are captured in Showplan output. These queries may contain sensitive information such as passwords. Therefore, we recommend that you only grant these permissions to users who are authorized to view sensitive information, such as members of the db_owner fixed database role, or members of the sysadmin fixed server role. We also recommend that you only save Showplan files or trace files that contain Showplan-related events to a location that uses the NTFS file system, and that you restrict access to users who are authorized to view sensitive information.

You can read more on the security risk: https://technet.microsoft.com/en-us/library/ms178086

Users who have SHOWPLAN, ALTER TRACE, or VIEW SERVER STATE permission can view queries that are captured in Showplan output. These queries may contain sensitive information such as passwords. Therefore, we recommend that you only grant these permissions to users who are authorized to view sensitive information, such as members of the db_owner fixed database role, or members of the sysadmin fixed server role. We also recommend that you only save Showplan files or trace files that contain Showplan-related events to a location that uses the NTFS file system, and that you restrict access to users who are authorized to view sensitive information.

You can read more on the security risk in: SHOWPLAN Permission and Transact-SQL Batches:

Security Note
Users who have SHOWPLAN, ALTER TRACE, or VIEW SERVER STATE permission can view queries that are captured in Showplan output. These queries may contain sensitive information such as passwords. Therefore, we recommend that you only grant these permissions to users who are authorized to view sensitive information, such as members of the db_owner fixed database role, or members of the sysadmin fixed server role. We also recommend that you only save Showplan files or trace files that contain Showplan-related events to a location that uses the NTFS file system, and that you restrict access to users who are authorized to view sensitive information.

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You can read more on the security risk: https://technet.microsoft.com/en-us/library/ms178086

Users who have SHOWPLAN, ALTER TRACE, or VIEW SERVER STATE permission can view queries that are captured in Showplan output. These queries may contain sensitive information such as passwords. Therefore, we recommend that you only grant these permissions to users who are authorized to view sensitive information, such as members of the db_owner fixed database role, or members of the sysadmin fixed server role. We also recommend that you only save Showplan files or trace files that contain Showplan-related events to a location that uses the NTFS file system, and that you restrict access to users who are authorized to view sensitive information.