If I have my security consultant hat on I'd say this is a great news. Every organization that's serious about security absolutely needs security in depth, encryption of all connections (both internal and external), files, databases, data lakes, data stores, etc.
But with my dev hat on I must point out how much overhead all this adds up. Development time is doubled or tripled, and you need a lot more effort and more people and better trained people to admin/manage production systems.
