A One-Minute Attack Let Hackers Spoof Hotel Master Keys

Nothing surprising here. The "electronic lock" (and fire/burglar alarm) market is full of snake-oil salesmen and incompetent people who sell the stuff assuring you it's secure without actually having tested it.

With conventional locks a good locksmith can tell you which one is safe because they know how locks work, how to crack them and could've even tried to crack it themselves.

With new locks the "locksmiths" have zero idea how the lock even works and only go from information the reseller or original manufacturer (often a shady Chinese company) provides, without even any attempts at actually understanding how the thing works.

There is also no concept of updates, even though an electronic lock is a computer and is subject to the same vulnerabilities as their desktop counterparts.

Do manufacturers ever account for these faults? Like paying for all of the burglaries that have likely happened?