The condition of global business was not easy at the time when people were not aware about the internet. At that time business transactions, export-import and effective communication between two business parties was not as effective as it is today.
There is no doubt in this that Joomla is one of the best content management systems available out there in the market. As many websites have started using Joomla it's become really significant that they are designed and hardened properly to prevent any security issue.