To step out of the regulated financial system is to open oneself up to these liabilities with little recourse.
That is not to say that telecom companies should not fix this. They absolutely should.
https://www.foxla.com/news/fox-11-tracks-down-verizon-employ...
Pins obviously have other issues that make no sense, like the incredibly low complexity allowed that would never be acceptable for a password. But even aside from that I guess AT&T also want everyone to turn their pin off? I hope they do lose a lawsuit and actually have to start giving a shit about pin swapping and make things more secure by default.
One time there was something wrong on their end and no one could do anything until the system to verify my pin was back up.
i.e. can a supervisor override lack of a PIN?