Having to Deal with Hackers - Hardware Bans

In my honest opinion with this situation, as hackers are getting more and more common in this game and the game is free to play, is do what Ring of Elysium did and begin hardware banning people. Simple bans for a free game does little when people can simply make a brand new account and start all over again. The last few days I have been very hesitant to play, Respawn came out with the information of banning over 300k players for hacking, but what good is that if they can just come back? There is no loss for getting banned on Apex, it's just a slap on the wrist every time you're caught in hope you stop. I've seen suggestions of account banning like Steam does, but people who are smart will just create empty accounts to hack with.

With Ring of Elysium, it unfortunately died shortly after Apex was released, but it was easily my most favored battle royale due to the lack of hackers. Nothing was more satisfying than seeing a "[PLAYER] has been banned for hacking" and knowing they can never return back due to the hardware ban that is enforced there. I really hope Respawn thinks on this solution, it may bring the player base down due to banning players, but those who play fairly and enjoy the game can continuously play without the problems of dealing with a hacker in every other game they play.

On another note, Respawn, please add a report button or some in-game feature to notify moderators/admins of hackers and/or foul play.

If anyone has any other solution, please say so below, I'd love to see what other suggestions we could get.