I don't believe that the secure erase options are there in 15.4.1.
Today, I connected a 3.5" external drive that I pulled from a NAS device directly to my Mac (via a universal drive adapter [SATA->USB in this case]). I've done this many times in the past to securely erase NAS drives that report they're close to failing before recycling them.
The "Security Options" button that used to be there (in the purple circled area in xerivia's image above) is no longer there. Once I click the "Erase" button, the erase operation begins — there is no prompt for the previous options such as 3-pass or 7-pass secure erase. And there's nothing I can find in any menu options, nor do modifier keys (command, option, etc.) while clicking seem to bring anything up.
I can understand removing those options for SSDs, but this is a bare SATA hard drive. I hope this option returns. It was really useful.