The only real "threat" is your Google account itself being compromised by a third party able to phish their way into your account or bypass your 2fa mechanisms (e.g. by SMS sim swapping). As always, https://landing.google.com/advancedprotection/
The people here saying "privacy" are speaking of some doomsday scenario where Google itself leaks all of this data, which would be unprecedented and is unlikely with how many safeguards there are for employees to access any user data at all within Google.