Most/all such boxes, especially those deployed by ISPs, have a stateful firewall with an allow-out deny-in policy in place by default. I've never seen otherwise, but I guess it's possible?
Back in the day, cable modems didn't include a 'router' and lots of users plugged their Windows XP PCs into them and got compromised. Most weren't really blaming the ISP for this; go buy a router they said. And some providers will still just give you a public IP with full access by default when you plug into their demarc equipment; indeed many users want this because that's what Internet access should be. Security is on the end user. I don't see this situation as any different, though your ISP should know better than shipping insecure-by-default, this isn't really a problem with the protocol.