Listen until C-level funds these programs properly and security is taken seriously by all issues like this will forever be in the news.
I would be willing to bet their security like most have a long list of security gaps they cant get fixed because resource issues just hope they documented or it could fall on them.
Most coding classes just teach how to make things work in Mister Roger's world. Secure coding is an elective! Most run the DevOps model instead SecDevOps and only involve security after it is ready to go into production no matter what flaws security finds.
Why are black box pentests still taking place? Because company required to have pentest but really do not want testers to find things. Their goal is not to improve security rather check that box ... we had a pentest.
C-level, this keep the lights on budget you give Security/IT is costing you more than properly funding us! Oh yeah you put that $ into cyber insurance! Lol let's see how well that works.