Somewhat true. On a phone it's almost impossible to get to the files containing the encrypted mnemonic. Hard code encrypted as it is. The apps are sandboxed. If you choose to hold your coins on a rooted phone, well that's your problem right there.
Secondly, the desktop side which is more exposed. The hacker needs access to your drive, to your files. If you can't secure your computer to not be breached, then again, you shouldn't be holding Jaxx or any wallet on your desktop.
They are comfortable with this approach for the moment as some of the responsibility is also in the hands of the coin holder. There are also developments to increase security.
Stop spreading FUD @kingscrown. People that have these levels of breaching should get their own security on par with the industry trend. If you forget your credit card on a counter, is it the bank's fault that your funds get stolen?
Jaxx_Annie said on this reddit thread (~~~ embed:jaxx/comments/6gpurq/limit_on_send/): reddit metadata:fGpheHh8aHR0cHM6Ly93d3cucmVkZGl0LmNvbS9yL2pheHgvY29tbWVudHMvNmdwdXJxL2xpbWl0X29uX3NlbmQvKTp8 ~~~
"No worries! We're actually working on a new security model as we speak. We'll update you all shortly :)"
Thanks, for the info. I just lost some bitcoins to hackers that stole it from my third party wallet . Security is really a BIG challenge to cryptocurrency. This will discourage many from investing in crypto.
He could be a CIA mole on Steemit--tons into cryptos, trying to sabotage anyone who makes too much money like beating down silver and gold when they rise too high. Creates lack of trust in cryptos. Theft event may also be Fake News--may never have happened. Also all browsers are viewed by CIA, NSA--anything non-encrypted. Write down password immediately on a piece of paper and delete from laptop--breach could have occurred with unencrypted password viewed by owner on laptop.