In particular this statement:
> That being said, we were surprised by Ledger’s announcement of this issue, especially after being explicitly asked by Ledger not to publicize the issue, due to possible implications for the whole microchip industry, beyond hardware wallets, such as the medical and automotive industries.
As I understand they are using a standard STM32 chip for these wallets, and relying on it's basic protection. Companies make real processes designed for securely storing data, why aren't they using them? Instead they are suggesting that there is no alternative and everyone is vulnerable to this style of attack.
Edit: I missed some of the backstory. They don't mention that option as their competitor (who found the security issues) already uses a secure element, like a sane person.
[1] - https://blog.trezor.io/our-response-to-ledgers-mitbitcoinexp...