I can’t help but feel the individual direct consequences to be like pretty small to the institutional risks.

Imagine China all of a sudden getting access to all the trade secrets of US companies that still ran MS. Imagine Russia gaining full access to all the government, health, educational data of every single US citizen. Or imagine something like the recent fuckup of google deleting the entire cloud of one financial institutions. Imagine MS to fuck up royally and all consumer facing computers in all banks to be broken for three weeks…

All of these are not immediately targeting the individual directly, but they can be extremely destructive to a nation or even globally as a whole.