Earlier quoted context omitted.
It is more complex than that, because certain kinds of cross-site requests has always been allowed. GET and POST requests are allowed, but PUT and DELETE is not. For POST requests you can send the request but not access the result. So CORS can be used to increase protection, by disabling cross-site POST requests, but it can also be used to decrease protection for other requests.
This isn't fully accurate -- you can never prevent cross-site POST requests from being initiated, with or without CORS. For example, CORS is never involved in requests from submissions (which can be triggered via JavaScript). Really CORS cannot be used to lock anything down. The behavior of a server not implementing CORS has the same end result as a server trying to be as restrictive as possible. Both would not send…
My favorite is... imagine I routinely port-forward an app's debug port to my workstation for debugging. It has a useful /email-debug-info?address=example@example.com endpoint. You can then call that over the Internet by serving me a web page that contains http://localhost:1234/email-debug-info?address=example@examp...">. CORS doesn't care. My browser doesn't care. It will just silently leak information. (Also great for other things on your network. Log into your router at 192.168.1.1 recently? Someone can make a web page with a form that submits to http://192.168.1.1/enable-port-forwarding or whatever, and you can forward whatever ports you want.)
What's hilarious to me is that CORS seems burdensome in the opposite direction too. It breaks peoples applications somehow! While writing this comment, I did a search to see if I could remember the standards-track proposal for fixing the two "bugs" I mention above... but all the search results are people asking how to disable CORS rules because their app is broken. Sigh! The web is a mess.