Yes, and we must note that bad actors are already waiting for this.
As the alert reads,
... we have identified that [China-]affiliated actors have compromised networks at multiple telecommunications companies to enable the theft of customer call records data, the compromise of private communications of a limited number of individuals who are primarily involved in government or political activity, and the copying of certain information that was subject to U.S. law enforcement requests pursuant to court orders. We expect our understanding of these compromises to grow as the investigation continues ...
It's unclear whether or not the surveillance is still ongoing.
And this is just one among many threats. I don't understand why a government exposes its citizens to such a risk.
[Edit to insert link.]