Actually the electronic handbrake in the MK7 is probably more secure than a cable version. As you know in a cable version, the cable pulls on a lever cam which exerts pressure on the brake piston and forces the brake pads against the disc.
In the mk7, there isn't a cam but rather an electric motor which has a worm gear on the end. This engages with a pinion which is attached to another worm drive which is part of the caliper piston. Therefore, when the handbrake is applied, the electric motor turns very briefly and using the gears the piston is actually screwed up against the pads and discs mechanically. Furthermore, a torque and current sensing circuit measures the torque being applied to the pads but the motor and is measured each time the brake is applied. This automatically adjusts for pad wear and ensures that the pads are always pressed against the discs at the optimum pressure irrespective of pad thickness. No handbrake cable to adjust, stretch, snap etc.
In the unlikely event of an electric motor failure, there is an override pinion behind a hidden cap that can manually disengage the worm drive and allow the rear discs to be released for driving or towing to a dealership with no effect on the basic braking system at all.
Oh yes, and on DSG equipped models, when in Park, a locking pin engages with the flywheel locking the transmission and effectively giving 4 wheel handbrake.
Genius really.