Banks don't loose money due to weak crypto, but because of credit card fraud (no crypto involved). Customers lose money because they lose control over their end

Banks don't loose money due to weak crypto, but because of credit card fraud (no crypto involved). Customers lose money because they lose control over their endpoints (lose password confidentiality or SIM gets jacked or phone lost), or because they want to send Natasha from Minsk $5000 for a flight to visit them. The argument to make to politicians is always: do you trust the other politicans not to spy on you when they are in power? That will always make them think twice.