A method and an apparatus for protecting an application program password of a mobile terminal are described. The method includes: positioning an application interface view in an application program of a mobile terminal, so as to obtain a currently activated application interface view; determining whether the currently activated application interface view is an input box; and if yes, acquiring a key input event triggered in the input box and obtaining an input character by using the key input event; and replacing the character with a fake password character. A related apparatus is also described.