Internet Security Settings password feature

I just installed the 2012 version of the software so maybe someone can help me.  I set up passwords for accessing the settings and also for Identity Safe.  This morning I was in Internet Explorer using Identity Safe and having some problems so I clicked on the Settings shortcut in the Internet explorer toolbar and it took me right into the Internet Security Settings without asking for my password.  I was shocked.  Is anyone aware of this problem?  Is it a problem?  Do I have something else that I need to set?