Thanks Phillip, for responding.
So many paranoid, conspiratorial people on the interwebz.
At least the response is not as explosive as when Blizzard almost made displaying real names mandatory.
It's not paranoia. It's fact. Gold sellers exist on the internet. These people hack accounts and steal gold, credits, etc from MMO accounts then turn around and sell them to other players. Previously they had to rely on keyloggers and clever methods to get login details. Now they only need to skim the forums.
I have an authenticator on my account but I don't 100% trust apple or google not to accidently include a bug or exploit in their OS software, so I don't rely on it's for security. Passwords are easy to overcome. Most people use easy to guess passwords. I'm willing to bet that Password1 is a VERY common SWTOR password.