For internal attacks, if I can remember 5 username/password combos, then go to a public terminal and access those accounts, it's less likely someone will notice the attack than if I used a work machine to directly edit the database or pull out large amounts of data while at work.
And as everyone else pointed out, since we all have a hundred or more places online that all want different passwords... many, many people just use the same password over and over and over again. If the Williams Widget Company loses your name, login, and password, and your bank has the same login and password, and it's tracked back that the Widget Company was who lost your password... there's some muddling of liability there.