When you enable the Personal Hotspot feature on your iPhone, iOS will generate a password on your behalf.
It’s convenient, but it’s not very secure – because the password uses a short English word with a couple of numbers added on (would you believe it?)
Change your hotspot password from the default one that is generated by iOS to a strong password of your own. It’s easy enough to do — just tap Settings > Personal Hotspot or Settings > General > Cellular > Personal Hotspot, depending on your device and software. Then tap the WiFi password field and type in a new phrase. The new password must be at least eight characters long and use ASCII/Unicode characters.
You can read more about the Personal Hotspot feature on Apple’s iOS support page.