Your phone gets stolen so you use your bank card and password to set a new phone number on your account. Your bank card gets stolen so you use your phone and password to get a new bank card.

If someone steals your phone and password and bank card and ability to receive mail at your home address all at once then you're pretty screwed, but you're pretty screwed then regardless, right? That's the level of screwed where somebody else can also get a government ID in your name.