Earlier quoted context omitted.
This ignores transport encryption, which is the bulk of what protects you on a daily basis from street criminals.
Interesting example. Transport encryption provides basically no real world security at all. The fact of the matter is that there are hundreds of millions of credit cards with full PII available for sale so it is almost certain that whatever PII you are sending over your highly secure connection is already in the hands of criminals. The only security you have is the fact that there aren't nearly enough criminals to ex…
It may not be in everyone’s threat model, but it is definitely very important and provides real world security.