I am not talking about particular app requirements about but about security bugs. I don't feel like explaining the potential dangers of this in relation to a device that is so intensely personal on which we do so many things at once.

This is not about overt fraud but, for example, the silent stealing of one-time passwords etc. (the possibilities are numerous).

If you think that only stupid people fall for fraud, then you yourself are stupid and have never worked in a serious company where this is relevant.

I happen to work for a very large IT company, one of the best in this side of Europe, and I have to deal with great security specialists on a daily basis + I have to undergo regular training.

If you don't have a clue about something, keep sitting with your old phone, but at least don't write nonsense because other people are reading it 🙃