Earlier quoted context omitted.
This is way more common than you'd like, here's a scenario where it can happen even without outright incompetence: Someone (or some AI) copies an example auth implementation from stackoverflow. Being sensible they realise they shouldn't put key material in source code either, so they leave "secret" in place, and pop a ticket in JIRA to update with the key material from the vault before it goes live. Employee falls il…
Tragedy of the Commons often happens where there are too many developers and unclear functional or concerns ownership. Each concern needs a home, a checklist, a runbook, documentation, a support escalation path, and responsible tech or business owners.
Because it doesn't say what you seem to think it does.