I don't know the in's and out's of OMB decrees on the Federal government, but from this story, it looks like Federal government is doing a good job at addressing security concerned and data leakage. There can always be something better, but even these steps are more than I'd expect, that is, nothing.
On the other hand, we clearly favor a good enough approach to security for the efficiencies and speed of transactions it provides: sliding a credit card it better than writing out a check. The end result, as I mentioned last time on this topic, is the unspoken agreement that we favor the group's ease over the individual: we profit in aggregate from crappy security, but individuals who get hacked have to go through months, if no years, of hassle.
On another note, thinking back on the hyped up drug-scares of the 80's and the red hunting of the 50's, do we actually know if all those lost laptops are having a huge, negative impact? I assume they are, but you know what they say about assuming.