Apple Responds: Thieves Spying Passcodes 'To Steal Entire Digital Lives'

If a person gained access to all the assets associated with a device, wouldn't that mean they also gained access to the individual's digital fingerprint and/or face identification?

What I gain from this article is, "See? Storing all your identity (financial, personal, professional) in digital format on a small external device like a phone is not a good idea." To which 2007 would uniformly reply, "I told you so."

Now it's 2023, what do we do...

Apple's reply (IMO): We're not God, and we have no solution that won't completely destroy your privacy with us, a Big Tech company. Please take ownership over your identity, or else...

I appreciate that Apple's response basically boils down to:

"Here's a separate, mostly unrelated security metric that we did well on! Therefore, this problem doesn't matter at all! ¯\_(ツ)_/¯"