Apple Presses the Point out that the App Store Prevented more than $1.5 Billion in Potential Fraudulent Transactions in 2020
Yesterday Patently Apple reported on the Epic Games v. Apple trial yesterday where we highlighted a point that Apple legal made in a released statement in that it prevented more than $1.5 billion in “potentially fraudulent transactions” last year, underscoring the need for its proprietary payment system at the heart of the on-going antitrust trial with Epic. Today, Apple has posted a major press release on the App Store s security which covers the App Review process, Fraudulent Ratings and Reviews, Account Fraud, and Payment and Credit Card Fraud.
Apple Claims It Prevented $1.5 Billion in App Store Frauds Last Year, Rejected 150,000 Spam Apps
Posted by Sanuj Bhatia on May 11, 2021 in Apple Store, News
Amid the legal battle with Epic Games, Apple released a new statement regarding the App Store and the fraud apps that have taken over the Store. Apple claims that it prevented nearly $1.5 billion in fraud on the App Store, with the company removing nearly 150,000 scam apps.
App Store has been under scrutiny for quite a while. Many developers, like Kosta Eleftheriou, have highlighted a lot of issues with the App Store in the past few months. Just last month, he reported a million-dollar VPN scam running on the App Store. Apple has now released a statement countering these claims, saying App Store has been at the forefront of “taking action against fraudulent developers and users.”
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Tim Sweeney, chief executive and founder of the video game maker Epic Games, at the company s headquarters in Cary, N.C., on July 17, 2020. Sweeney has written that he is fighting for open platforms and policy changes equally benefiting all developers.
The man behind Fortnite is making the riskiest bet of his career. The payoff could be huge
Updated 8:24 AM ET, Wed February 10, 2021 (CNN Business)Over the course of his career Tim Sweeney has been unafraid to take on tech industry giants.
The CEO and founder of Epic Games has had a knack for picking the right battles while also shoring up his company s independence. Fortnite, the company s blockbuster battle royale game, recently topped more than 15 million concurrent players and has spawned a universe of fandom. Epic challenged