Apple's APP Store blocked $2 billion in fraudulent transactions | May 16, 2023
Channel: Hacking Space Frontier
Date: 2023-05-16

Apple announced in a press release that it prevented over $2 billion in potentially fraudulent transactions on the App Store in 2022. The company also rejected nearly 1.7 million app submissions for failing to meet privacy and security standards. This comes as Apple faces pressure to allow alternative app stores on its devices. Apple argues that sideloading apps from unofficial sources poses security risks and emphasizes the protection provided by its App Store review process. The press release also highlights Apple's efforts to block stolen credit cards and fraudulent accounts. However, Apple acknowledges that its review process is not perfect and cannot guarantee protection against all scams and malware. The announcement aims to emphasize the security of the App Store and Apple's payment technologies while defending its stance against sideloading and third-party app stores.