These beams are much harder to detect and eavesdrop upon. You increase the difficulty for a remote attacker. I wouldn't stop encrypting the data, however: The Alphasat TDP‑1 has a telescope with an 135mm aperture. The beam diameter is likely to be at least 700m wide according to the diffraction limit.

It's worth it as another layer of security. The beam width being so narrow means even intercepting it becomes harder. This is more relevant for down-to-earth links where the spot hitting the earth is so narrow it could be confined withing a geographically controlled area, rather than hitting an entire continent like longer wavelengths do.

All security is based on a combination of individually flimsy ideas