I had personal experience of that kind of incidence. once i lost my wallet and lost my debit cards ,
Once i requested the new ones someone has tried several times with my bank card and it was locked in the ATM machine, lol
but I had though if they succeed with 4 digit PIN i have to lost my money.
and i do not know who is going to take care of that

and i would definitely love " tap and pay " system that use in bitcoin ATM machines. you will never lost with this kind of method. but it will need secure locked system in your smart phone I am very much agree with you in this case @mexbit