Apple’s App Store prevented more than $1.5 billion in potentially fraudulent transactions in 2020
Apple often talks about their App Store being a highly secure platform for mobile applications for their customers. In a recent blog post, the company claims to have prevented nearly $1.5 billion in potentially fraudulent transactions in 2020, protecting customers from theft of their money, information, and time.
Some of the key protections that Apple made possible via the App Store were:
Nearly 1 million problematic (unfinished or not functioning properly) new apps, and an additional nearly 1 million app updates, were rejected or removed.
48,000 apps rejected by App Review team for containing hidden or undocumented features, and more than 150,000 spam, copycats apps were rejected.
Date Time
App Store stopped over $1.5 billion in suspect transactions in 2020
Apple helps keep the App Store a safe and trusted place for users to discover apps by detecting and taking action against fraudulent developers and users.
Threats have been present since the first day the App Store launched on iPhone, and they’ve increased in both scale and sophistication in the years since. Apple has likewise scaled its efforts to meet those threats, taking relentless steps forward to combat these risks to users and developers alike.
It takes significant resources behind the scenes to ensure these bad actors can’t exploit users’ most sensitive information, from location to payment details. While it’s impossible to catch every act of fraud or ill intent before it happens, thanks to Apple’s industry-leading antifraud efforts, security experts agree the App Store is the safest place to find and download apps.
Apple s App Store saves over $1.5B from fraud in 2020
Alvin R. Cabral/Dubai Filed on May 11, 2021
Apple has pledged to keep its App Store safe to ensure a wholesome experience for its users.
(Apple)
Industry analysis deems platform safest place for apps
Apple on Tuesday revealed that its App Store ecosystem has prevented more than $1.5 billion fraudulent transactions in 2020, highlighting its continued fight against bad actors who relentlessly attempt to use the platform for illicit activity.
The iPhone-maker has enjoyed new highs thanks in large part to the performance of its services unit. And parallel to this growth is the company’s assurance on privacy and security for its users, which it has backed up with R&D and deployment of key tools and functionalities.
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