Interesting. I'd store _access_ to personal data on an Android smartphone (ie banking apps etc) as long as the phone and the app were secured by biometrics. I'm not sure if that's any better tbh.
I would be the opposite. Biometrics as a single factor are an awful idea. I can have two people hold you down while I apply your finger to a sensor. Or hold your face to a camera.
Not to mention that in many jurisdictions a court order is needed to get you to give up a password, the same is not true if a biometric.
Have it as a second factor sure, but do not rely on it as your only means if authentication for any devices
J
If you are in the situation where two people can physically control you, give up and give them all your money. Doesn't matter what security you have, they can physically coerce you into circumventing it.
I think paypal is decently secure, and you can turn on two factor these days.
Monzo can be configured to request confirmation via app before online payments go through.
All of this is more secure than cash, which can be dropped, pick-pocketed, lost when your bag is stolen, or forcibly taken from you.
The big risks are, IMO, phishing or malware, and account hacking. For example, if someone got my Amazon username and password, they could order quite a bit of stuff before I noticed. It is a bit similar to having a card stolen in the past (when my house in york was burgled, the burglers immediately filled several cars with fuel).