You're probably right, they would have probably named it somewhat more entertaining, like "Allahu ackbar". "Bomb" is quite boring. Sounds like an enegy drink brand. Which would be be a unfortunate idea to serve on a plane. Anyway, airlines are quite mundane and like to make a security theatre out of one's luggage, which is mosty underwear, not even something more remotely entertainling off board, like nitricellulose. Not to mention bottled water, uh dangerous liquids, clearely nuclear grade.
My wife would have probably freaked out if she saw a wifi network named "bomb" on the plane. So as an airline security officer I'd totally ban this kind of behaviour.