Yes, you can't activate the function, then it works completely without fingerprint or password.

Samsung Electronics GmbH
Hello,
Thank you for your enquiry. The built-in security features of the T7 Touch use AES 256-bit encryption and allow you to unlock the SSD via fingerprint or password. However, this function is purely optional and can be obtained and set up separately at any time using the software via the Samsung homepage.
Best regards from Schwalbach,
Your Samsung Service Team