Which is a trade-off that makes sense for a lot of people. If you have multiple devices, many of which are portable and one you have on you all the time, the need for that is just way lower, so being more secure against commonplace automated widespread attacks is worth it to them.

Many people are moving to only a single portable device that’s easily lost, broken, or stolen, without any understanding of backups or fallbacks for their accounts.

And many are moving to virtual wallets like Cashapp rather than banks with a physical presence where you can take out money without a phone.

It’s a bad situation.