It was also made clear that the encryption key was protected by a passphrase which was not stored on the machine.
I am sorry, them confirming this fact, and even if I recall adding a smiley in the tweet they did it, just cemented that they do not understand their business.
They clearly wish to give the impression that they are "secure". They need more lock icons...they are almost as effective as the racing stickers on my car!
There should be several classes of certification, from "I want to sell a few pet rocks" to "I'm Apple with 150,000,000 credit cards on file". Right now there's basically two.