New Delhi: Apple has disclosed that it prevented over $7 billion in potentially fraudulent transactions on its App Store over the past four years.
During this period, Apple also thwarted more than 14 million instances of stolen credit cards and over 3.3 million accounts from conducting further transactions.
“In the timeframe spanning from 2020 to 2023, Apple successfully averted a cumulative sum exceeding $7 billion in potentially fraudulent transactions, with a significant portion amounting to over $1.8 billion in 2023 alone,” stated the tech giant in an official announcement.
Apple emphasized its ongoing commitment to combatting digital threats, noting the evolving landscape of fraud, which has necessitated the expansion of its antifraud initiatives to safeguard users.
In the previous year, Apple rejected over 1.7 million app submissions for falling short of the rigorous standards for privacy, security, and content integrity set forth by the App Store.
Furthermore, the company’s relentless efforts to combat fraud led to the termination of nearly 374 million developer and customer accounts, along with the removal of close to 152 million ratings and reviews due to fraud-related concerns.
In 2023, Apple terminated approximately 118,000 developer accounts, marking a decline from the previous year’s figure of 428,000 terminations.
Apple underscored the benefits of blocking apps from unauthorized sources, citing potential risks of app modification or exploitation for the dissemination of malicious software on such platforms, which could adversely affect developers.
Last month, Apple intercepted nearly 3.8 million attempts to install or launch apps distributed illicitly through the ‘Developer Enterprise Programme.’
Furthermore, Apple revealed that over 375,000 app submissions were rejected in the preceding year due to privacy violations.
