You can't infer that. This story would be reported the same whether the drives were encrypted or not. Kleiner is just covering its ass by reporting the theft to

You can't infer that. This story would be reported the same whether the drives were encrypted or not. Kleiner is just covering its ass by reporting the theft to the relevant authorities and affected customers. So far, it's not Kleiner raising concern - they're just doing due diligence. It's the media raising concern. It makes a better story. Kleiner haven't spoken about this to the media yet.