The App Store prevented more than $7 billion in potentially fraudulent transactions over the past four years, Apple said Tuesday, when it published its fourth annual fraud prevention analysis report.
Apple publishes fourth annual fraud prevention analysis citing big App Store numbers
Apple said the $7 billion figure includes $1.8 billion in potentially fraudulent transactions thwarted in 2023 alone. And it also blocked over 14 million stolen credit cards and kept more than 3.3 million accounts from transacting again.
Other stats from 2023:
- Rejected more than 1.7 million app submissions for failing to meet the App Store’s standards for privacy, security and content.
- Terminated nearly 374 million developer and customer accounts.
- Terminated close to 118,000 developer accounts, a decrease from 428,000 terminations from the prior year, thanks to continued improvements to prevent the creation of potentially fraudulent accounts.
- Blocked over 153 million fraudulent customer account creations, such as spambots.
- Removed nearly 152 million ratings and reviews over fraud concerns.
- Prevented more than 3.5 million stolen credit cards from making fraudulent purchases and banned over 1.1 million accounts from transacting again.
Pictures are worth millions of words
Read more about Apple’s fraud-fighting tactics in the App Store. Apple put most of its most-important fraud-fighting stats on infographics, shown below.
Photo: Apple
Photo: Apple
Photo: Apple
Photo: Apple
Source: Apple
