Bad software has done worse things than release private info. Just a few worse things: failed space missions and cost NASA credibility, killed hospital patients, bankrupt Knight Capital, almost caused World War III due to a false-positive nuclear-launch warning, caused wide-spread blackouts, killed people (lookup Patriot Missile).
We as developers are just waiting for something so terrible to happen that someone is forced to take notice.
I don't think so... No one's hunting down and calling to account the engineers responsible for the Equifax breach, and nor should they. The problem is blatantly a leadership and resource-allocation issue, and is being treated as such.