Why is it dread? I always feel good when big players mess up, as it makes me feel better about my own mess ups in life previously.
What about all the other systems and people suffering elsewhere in the World?
Even still, you should have policies in place to mitigate such eventualities, that way you can focus the incompetence into systematic issues instead. The larger the company, the less acceptable these failures become. Lessons learned is a better excuse for a shake and break startup than an established player that can pay to be secure.
At some point, the finger has to be pointed. Personally, I don't dread it pointing elsewhere. Just means I've done my due D and C.