Many people lose money to hackers because their smartphone is hacked and hackers have stolen their financial data from the smartphone. Do you use your smartphone for financial transactions like bank and credit card payment?
Oh yes, I forgot I also two factor authentication as required by Android phone and even Facebook, BC Games and Google emails. It's better this way we feel protected.I perfectly use my smartphone for financial transactions. There are security measures like Two Factor Authentication which prevents fraud from happening on your account. It is not easy for anyone to hack a phone to the point of getting mobile wallet details.