I don't agree with this. Compare to how your bank has access to your bank statement. In an ideal world that wouldn't be the case, only you would have access to

I don't agree with this. Compare to how your bank has access to your bank statement. In an ideal world that wouldn't be the case, only you would have access to it, but making sure that you use HTTPS when accessing your banks website. So: It's not perfect, but it's better than what we have today.