I somewhat agree. Realistically I’m not sure it actually matters. In user mode they can do anything to my computer and steal any data they want. In kernel mode they can do it slightly more sneakily? Feels like one those things that sounds scarier than it actually is.
Regular user mode software can be sandboxed by running the games in their their own user/graphical session dedicated to that specific game. Kernel mode software can by pass all security features implemented in the OS however.
If you run everything in a single account what you say is true, but at least some people do use basic sandboxing methods like described above, which makes kernel-mode anti-cheat much more invasive.
