Identity theft and other password related security problems are huge issues in the information age and they can all be solved with greater technological and scientific advances in biometric security. Those advances are coming and they may very well be tied to your handheld device in the future.
Imagine stepping up to an ATM to withdraw cash and using your phone to scan your eyes and thumbprint and then simply being able to take the money out without using a card or PIN. Face recognition might come into too and at some point it’s going to be impossible for someone to get to your ATM money or any other security areas in your life without a great deal more effort, thus making it far less likely that you’ll suffer any issues of that nature. Technology is a wonderful thing and it will make our lives better.