While I understand what you're saying, you can extend this logic to such things as faster-than-light travel, over-unity devices, time travel etc. They're just "hard" math problems.
The current state of encryption is based on math problems many levels harder than the ones that existed a few decades ago. Most vulnerabilities have been due to implementation bugs, and not actual math bugs. Probably the highest profile "actual math" bug is the DUAL_EC_DRBG weakness which was (almost certainly) deliberately inserted by the NSA, and triggered a wave of distrust in not just NIST, but any committee designed encryption standards. This is why people prefer to trust DJB than NIST.
There are enough qualified eyes on most modern open encryption standards that I'd trust them to be as strong as any other assumptions we base huge infrastructure on. Tensile strengths of materials, force of gravity, resistance and heat output of conductive materials, etc, etc.
The material risk to South Korea was almost certainly orders of magnitude greater by not having encrypted backups, than by having encrypted backups, no matter where they were stored (as long as they weren't in the same physical location, obviously).