But it's worse to hide and ignore the problem. The other poster hit the nail on the head. This stuff is happening on a much larger scale - it's only because of lulzsec/anonymous that anyone even has a clue how bad the situation really is.
What I disagree with is the "giving them a job" bit. I don't think that rewarding these kinds of people with employment is right - part of working in computer security is having a certain code of ethics. Whereas I'd much prefer that this kind of stuff be made public, giving them a job is similar to rewarding a thief with a job as a cop.
People are free to disagree, of course :P
It does seem clear, though, that we all have a lot to learn about protecting information...