Earlier quoted context omitted.
This shit happens all the time. Old school one when I was a security consultant for a bit (pre-automated pentest scammers). Medium size regulated fintech. Domain admin passwords and admin accounts were stuck on post it notes on a board in the machine room. If you went over the road to the college, asked to use the toilet, which they seemed fine with, and poked your 200mm lens out of the bathroom window you could snap…
Everyone complains about post-it notes, but the physical proximity requirement to read them isn't nothing. E.g. compared to network-accessible files. At least, until you have a network-attached webcam pointed at your whiteboard. But the solution to the webcam problem is to write its access credentials on your whiteboard, thus forming a circular and perfectly secure loop.
Also, I no-joke heard of a company that absolutely, unironically, did the webcam thing with RSA tokens.