Remember that the Magento admin panel is currently accessible through
http://www.localhost.com/magento/admin or http://www.yourdomain.com/admin,
using your own domain name.
But there’s a downside to this. Having the Magento admin panel reachable in the same way for all Magento stores on the web is a security risk. Hackers wil know where to find your admin panel and that’s one of the first steps to get access. So, it’s better to change this path. Doing so requires some additional, and more difficult steps. You can find some good instructions using the following