So why not send them a letter/email outlining the issues and your concerns.Perhaps that way you show your loyalty to them and are sure of a response.
Far better than airing your gripe out to the t'interweb and trying to claim the moral high ground.
Are you for real?As I said previously, what's with the lectures?
So as your clearly the expert in these matters, perhaps you'd care to explain how your risk assessment would help the next guy.