Fraud News - Apple, In 2020 Blocked Fraudulent Transactions for 1.5 Billion Dollars on the App Store

Fraud News - Apple, In 2020 Blocked Fraudulent Transactions for 1.5 Billion Dollars on the App Store

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Fraud News reports: Apple revealed that it blocked nearly a million malicious or suspicious apps from its App Store last year. The news came as part of the report that shows the measures implemented by the Cupertino giant to make its ecosystem increasingly safer.

In the same report, the American company also highlights that thanks to these measures put in place by the moderators, users have been protected from over 1.5 billion dollars of potentially fraudulent transactions stolen by scammers, and has banned over one million accounts from re-making transactions following past transgressions.

 

In a post published on Apple's official blog, the Bitten Apple states that “it takes significant behind-the-scenes resources to ensure these bad scammers can't exploit users' most sensitive information, from location to payment details.”

 

Fraud News explained, while pointing out that “it’s impossible to detect every act of fraud or scam before it happens, thanks to Apple's anti-fraud efforts, security experts agree that the App Store is the safest place to find and download apps."

 

Of the blocked applications, more than 150 thousand were labelled as "spam", 215 thousand were rejected as they included privacy violations and over 48 thousand were rejected because they contained hidden or undocumented functionality which could be classified as fraud or an attempt for scammers to steal.

 

Fraud News also noted, Apple also deactivated 244 million accounts, over 470,000 developers’ accounts, and declined 424 million account creation attempts due to fraud suspicion.