What security is gained from this procedure? What does this procedure accomplish? Many professionals do this, like government officials and lawyers.
First, they email me the attachment (e.g. PDF, Word file, Excel spreadsheet). And they write "Please see the password in the separate subsequent email."
They email me a 2nd time within 5 minutes, with the alphanumeric password that usually has < 10 digits.
How can this procedure possibly thwart a hacker or intelligence agency? After hacking into my email, a competent spy shall see both emails, and simply enter the password (in the 2nd email) into the attachment (in the 1st email)! Isn't this blindingly obvious?