It's a stumper
Hate the notion of the state extending its power even a shred more. On the other hand, we need slap-downs like this to get people to take this stuff seriously. I have *three times* had money swiped due to compromises due to the negligence of financial institutions. One was fixed in a few days, one took a year to get my money back and one is pending me filing a lawsuit to get my money back.
Companies do this stuff because they offload risk to their customers. Looks like the jig may be up for some of them.