It is only news because it is still going on. An it has recently hurt many important people. Think about NAKED celebrity photos. 

Like 'In what city were you born?'
More people are born in large cities. Duh! About 300 major ciresi are listed by the US census bureau. Metro cites would WIDE are some 700 or so.

Like 'What High School did you graduate from?' Duh! There are in 2001 some  26,407 public high schools and 10,693 private schools in the United States

It has been estimated that the VOCABULARY of English includes roughly 1 million words. Some would say only a quarter of that are true English  words. Still, that is a lot of words.  So I would have better security using a long word from the Oxford dictionary rather that from a list of major cities or schools.

Look at these RECENT items:

http://nymag.com/daily/intelligencer/2014/09/time-to-kill-the-online-security-question.html
It’s Time to Kill the Online Security Question

http://www.washingtonpost.com/news/the-intersect/wp/2014/09/03/this-is-how-easy-it-is-to-hack-someones-icloud-with-their-security-questions/
This is how easy it is to hack someone's iCloud

http://www.dailymail.co.uk/sciencetech/article-2741106/Apple-outraged-admits-iCloud-security-questions-WERE-blame-leaked-celebrity-pictures.html#ixzz3DjVQGOc2
Apple admits guessed iCloud security questions WERE to blame

Please! Somebody tell these people to stop using security questions