The VERY thing you’re bishing about (2FA) 2-Factor Authentication is actually a bare minimum that ALL INTERNET companies must follow (or at least should) to PROTECT and SECURE their user’s account.
There’s not a day or week here on the forums that someone reports of their account being hacked or possibly tampered with and it often is because PASSWORDS are breakable. 2FA that’s tied with an Apple or Google account along with your phone, something that’s often PHYSICALLY with you, actually help deter nefarious activities by others.
As Otto has pointed out, PLEX Inc. has upgraded and expanded their security OPTIONS (which means you can indeed OPT in or out) and it’s important that YOU, the user, understand what available tools you have been given to help protect your account.
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My case in point
Literally posted 5 min after responding to your post.