I guess it depends on whether or not it was YOUR email which was hacked and exploited (and resulting credit report destroyed).
Opening, reading, and resealing trillions of envelops is a lot different from having computer programs scan text for key words/numbers.
Agreed, huge security risk.
I agree that encryption needs to be easy, that's why I encourage people to use TrulyMail instead of trying to install three different applications, configuring each with a series of options, only to end in frustration. Things need to be zero-click-easy. Not many people drove early cars... until they made them easier to use, now everyone can drive.
Please do not consider my earlier links to Google to claim that anything which can be found on Google to be true, honest, or even reasonable. However, when you see the same story listed by CNN, BBC, Reuters, etc., it is reasonable to assume it's true. I'm sure you're a reasonable person and already understand this.