It's all about the fact that, in order to do many or most of the things we want to do today, we have no choice but to give someone access to our data—but that almost everyone we could give that access to wants to (ab)use it to make money.
The need to outsource (transfer responsibility) is fast becoming the "techno Nuremburg defence". tl:dr is just a symptom of the blame disease.
If you can't take responsibility for the risks of your actions, or fail to understand and measure them - then you have no right to demand it of others. Especially if you're unable to see the irony of calling for a "major entity" to "keep our data safe" (sigh).
Summary (for the Too Lazy:Dumb and Recalcitrant): if you won't do it (security) yourself for any reason, you are doomed to failure of your own making. Wishful thinking and "but it (the thing wot I don't understand - because I prefer to put more effort into justifying doing nothing than into learning) should be simple/safe" is the mantra of sheep whose investment in magical "thinking" demands the shepherd "care" for them (but fail to see the shepherd's incentive).
Dan - that's a response to your comments which are a common "belief", not a criticism of you. A criticism of your belief is - if you find yourself in a position where you "believe" you have "no choice" but to cede responsibility you seriously need to ask yourself "do I really need to do x?" If you find the answer is yes you may find you've conflated "want" and "need".
I'm sorry some find that offensive. I'm not sorry it offends them. They should take responsibility for the result of them lowering the standards and empowering the oppressors (tl:dr? they have the wrong end of the offense).