This document explores the ethics of ethical hacking. It discusses several issues that call into question whether ethical hacking can truly be considered ethical. Some of the key issues discussed include: the potential for students trained in ethical hacking to later use those skills maliciously, trusting that ethical hackers will not abuse privileged access to sensitive systems and data, and whether tools used by ethical hackers could also enable criminal hackers. The document argues that while ethical hacking aims to improve security, the ability of hackers to access private information, combined with the difficulty of discerning intentions and monitoring their actions, may sometimes enable harm instead of preventing it.