Isn't that even worse? Now they would be complicit as they freely gave the data away vs having something stolen. You used the word hilariously. Were you be sarcastic, or did this person mean the statement as a joke?

I think the "hilarious" part is how disconnected from reality the CEO must be if they think their quote somehow makes the situation better.

TBH his statement doesn't seem that unreasonable -- he's basically stating that the attacker already had all the knowledge necessary to be "credible" and no different than a normal client.

Eg if the attacker already has your phone, email and password, its not really the bank's fault for giving away your financial details -- the game was lost before it even reached the bank.