Linux is a loosely organized community of developers who collaborate in public. They don't have any ubiquitous communication channels established other than mailing lists. If you attempted to establish a private security mailing list, the list of people who get to go on it is (1) hard to define (2) very large and (3) frequently changing. The affected subsystems have lots of disparate maintainers and interested parties who need to get their eyes on any patches that go into them.
It might not be ideal from a security person's perspective but from everyone else's perspective this model has been the driving factor behind the most successful collaborative project of all time.