Apple has successfully prevented over $9 billion in fraudulent transactions over the past five years, with more than $2 billion stopped in 2024 alone. The company actively combats fraud by removing malicious apps, banning accounts, and rejecting suspicious submissions on the App Store. #FraudPrevention #AppStoreSecurity
Keypoints
- Apple prevented over $9 billion in fraudulent transactions in five years, including $2 billion in 2024.
- The company terminated more than 46,000 developer accounts for fraud concerns and rejected 139,000 new enrollments.
- Apple removed over 37,000 fraudulent apps and rejected 43,000 for hidden features or misrepresentation.
- Nearly 5 million illegitimate apps and 143 million fake reviews were detected and removed from the store.
- Apple identified over 4.7 million stolen credit cards and banned more than 1.6 million accounts from transacting.
Read More: https://thehackernews.com/2025/05/apple-blocks-9-billion-in-fraud-over-5.html