They're trying hard to couch this as a security thing but I remain unconvinced that the "threats" they're positing actually exist. Do you even leave your printer connected to the outside internet anyway? I sure as shit don't.
The only person they're locking out of your printer with this is you. This is to keep you walled within their own bullshit software ecosystem as much as possible, and the only possible benefit of that is so they can inflict further restrictions later, probably in the hopes of making the software side of their crap a subscription model so they can extort you for that sweet recurring revenue.