I’m sure it’s just rank incompetence. Someone thought they were making a secure product and they didn’t know how to do that, or how to verify it. They told marketing that they built a super secure system and marketing trusted them and ran with it.

My uncle considers himself a “tech guy” and had an app published years ago that secures your medical information with “military grade” encryption and it was just a ridiculous shit show of incompetence. But he truly believed he was doing something. Sprinkle some AES on it and it’s secure, right?