Of course managing your own wallet leads to other risks, potentially more likely ones - the cries of those who forgot passwords or lost their bitcoin drive have been heard far and wide.
Hence, all modern advice pushes towards easy hardware wallets with an UX-enforced physical paper backup.
People still enter the private key if asked nicely by scam mails. Also paper backups can be copied without any visible sign and thus are super easy to steal.
There simply isn't a fool proof way yet and people who dont fully understand it are at risk of loosing everything trough simple mistakes.