Not true. Can you imagine the economic impact if this stands as a case study on how lax security standards could be at large, trusted private institutions? That all it takes is one pissed-off employee with a cursory background in computer security to cause billions of dollars in damages and rampant fear?

It's much easier to address public fears with an easy scapegoat than to owe up to the overall frailty of network-driven industry. Could you imagine the cost of creating "the TSA of networks belonging to important private entities?"