is there a way or a setting that anytime someone updates a field, that needs to be confirmed with the password as well .
for example someone changes or adds something or deletes something, the change will not be in effect till the password is confirmed.
Nope, the password field is forced non-required during profile edit and even then that's to change the password not the verify it.
You'd ideally need a custom CB plugin to provide a custom fieldtype to do what you're wanting, but maybe doable using CB Auto Actions to take a field and verify it as the users password then trigger a plugin error to reject the profile update. Don't recommend either approach unless familiar with CB API though.
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