Regex validation cannot verify that an email address is functioning any more than it can verify that a phone number is functioning. But if an address or a number passes formatting checks, one can indeed consider that data "validated". That's what that term means in the business software development industry. We're verifying if the data entered COULD be correct, not double-checking that it IS correct.

You are correct to say that those emails may still bounce, and the phone calls may also not go through. We completely understand that. For this reason, in very specific situations (like registering a new user), we do take that extra step to make sure the communication channel actually works. But there are plenty of situations where that makes absolutely no sense, and/or adds very little value for the cost. Knowing the difference between these two very different use cases certainly does not indicate that these people "don't actually care" about the accuracy of their data.