When your ownership of things depends on a private organization - under the ultimate control of who knows who with what private agenda and incentives -, the organization's willingness of cooperation in this ownership, and proper and fair implementation of procedures, with incentives for them to do so the best being indirect (sales volume of products as a whole) then there is definitelly an issue!

Just because there are criminals out there we shouldn't mandate all and every honest parties prove themselves of their innocence proactively....

I am surprised this security vs. freedom things is still something where people argue so overwhelmingly for the security part against themselves despite the many many many bad experiences throughout the history in various levels....

(there are schemes where the ownerships is strictly controlled but by a public body of the society with regulations around it - house, car, etc - but not a private business oriented organization's coined policies and online account implemented by there sole discretion and judgement who is allowed to use what, what constitutes acceptable proof in their view, and who is given access to that authoritive account and who is locked out eventually, potentially for a completely independent reason)