Thousands or even tens of thousands can be drained from financial accounts in a matter of seconds with just a few taps.
Without additional protections, customers' financial and physical safety is being put at risk.
Bragg appears particularly interested in Apple's recently developed 'Stolen Device Protection,' which he said is 'making it harder for perpetrators to use a phone's passcode to steal funds when the user's phone is not at home or at work.'
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