Earlier quoted context omitted.
> I'd also note that these companies are barely (if ever) held liable for life-compromising hacks on their platforms. You do know it is impossible to stop all cyber attacks? Its always a matter of when, not if. Zero day attacks are developed everyday with not even the best funded cyber security systems able to thwart them. The geniuses are on the offensive side, if they want in, they will get in.
You didn't really address the point you quoted. The problem isn't that someone is getting IN ; it's that the company throws up their hands and says "tough sht." Or in a worse case, when Equifax puts up a compromised site to find if you were hacked that requires a significant amount of your SSN and personal details. (edit: format)
What exactly is your solution to the problem? You are more or less complaining without providing any insights into addressing the issue or without knowledge of the threat landscape.