Anticipating the nightmare a lost phone would cause me means I do not use my phone for payments, banking apps, or tickets/passes whenever I can get away with it. As for MFA, I have to grit my teeth every time my phone is the backup. Losing your phone is like losing your sight now.
> I do not use my phone for payments, banking apps, or tickets/passes whenever I can get away with it.
Which is becoming less and less often in my experience. I was recently at an event that used SeatGeek for ticketing, and the only way they'd give you tickets was digitally through an iOS or Android app.
Hence why a person basically needs to be cyborg to function in modern society, via phone. You are not a person unless you are effectively part machine. So stretching the analogy as far as it will go, phone theft should be considered dismemberment, or organ harvesting or trafficking.