I don’t know if Brazil was one of the places that convince Apple to do that, but we have a huge problem of mobile phones robbery with that aim to access the bank apps to drain accounts dry.
In a quite resourceful way (social engineering, process and system exploits) these criminal organizations will jump all the hoops (2FA, Face Recognition) and manage to access most of those apps.
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I don’t know if Brazil was one of the places that convince Apple to do that, but we have a huge problem of mobile phones robbery with that aim to access the bank apps to drain accounts dry.
In a quite resourceful way (social engineering, process and system exploits) these criminal organizations will jump all the hoops (2FA, Face Recognition) and manage to access most of those apps.
It’s a big problem is the USA also. It’s been in the news in prime time for about a year. They’ve been really slow to address it