Brake fluid is hygroscopic. It absorbs moisture over time. It can, and does, absorb moisture through the rubber brake hoses. After only a year in service, the brake fluid may contain as much as 2 percent H2O. After 18 months, the level of contamination can be as high as 3 percent. And after several years of service, it is not unusual to find brake fluid that contains as much as 7 to 8 percent H2O. As the H2O is absorbed, the boiling point of the brake fluid drops dramatically.
Only 1 percent H2O in the fluid can lower the boiling point of a typical DOT 3 fluid to 369 deg F. 2 percent H2O can push the boiling point down to around 320 deg, and 3 percent will drop it to 293 deg, which is getting dangerously close to the minimum DOT and OEM requirements. DOT 4 fluid, which has a higher minimum boiling temperature requirement (446 deg F dry and 311 deg wet) soaks up moisture at a slower rate but suffers an even sharper drop in boiling temperature as moisture accumulates. 3 percent H2O can lower the boiling point as much as 50%!
As well, H2O, the universal solvent, causes corrosion. Brake fluid left inside a closed hydraulic system over extended periods of time will cause corrosion to interior components, including your very expensive ABS unit.