The Insta360 app has an option to change the password on the X3 camera. This may also work on other cameras, but I have not tested it. I have done a password change, but have not verified this actually did anything.

This option will cause the camera to display an authorization prompt, and once confirmed, you can type in a new WiFi password which the device will use.

I encourage ALL Insta360 camera owners to do this, as the default password is well documented and it allows anyone within WiFi range to access and download any photos/videos on the camera.