Imagine the potential impact. You're a single mother, fighting for custody of your kids. Your lawyer has some documentation of something that happened to you, that wasn't your fault, but would look bad if brought up in court. Suddenly you receive a phone call - it's a mysterious voice, demanding $10,000 or they will send the documents to the opposition. Neither of them knows each other; someone just found a trove of documents in an open back door and wanted to make a quick buck.
This is exactly what a software building code would address (if we had one!). Just like you can't open a new storefront in a new building without it being inspected, you should not be able to process millions of sensitive files without having your software's building inspected. The safety and privacy of all of us shouldn't be optional.