The point is, any / all data collection is - or should be - suspect. Today's benevolent actor is tomorrow's victim of a hack, or simply changes their spots. Furthermore, even data that is positioned as harmless (i.e., phone call metadata) can tell stories.
Finally, per "The Age of Surveillance Capitalism" (and others) these minor privacy infringements add up and is used against us.
There's no such thing as no threat.