How's that absurd? If you have 0 experienced security folks on staff/consulting, and no one willing to listen to them, then a fax is almost certainly more secure in practice.
How is that different from techbros trying to claim a loophole for their illegal business, because it's on the internet/through an app/'is a gig job'/on a blockchain?
When legislature hasn't kept up with technology, the only way to fight that behaviour is through lawsuits. Lawsuits have made some headway in dealing with both private, and government malfeasance, here.