Apple prevented over $2 billion in fraudulent transactions last year alone: Report

Apple said that successful 2024 it terminated much than 146,000 developer accounts implicit fraud concerns [File] | Photo Credit: REUTERS

Apple prevented implicit $2 cardinal past twelvemonth and implicit $9 cardinal successful fraudulent transactions successful the past 5 years, shared the iPhone-maker successful its yearly App Store fraud prevention analysis.

The Apple App Store that sees an mean of much than 813 cardinal visitors a week has to guarantee the information of some developer and lawsuit accounts, not to notation securing the process of vetting apps and lawsuit reviews.

Apple said that successful 2024 it terminated much than 146,000 developer accounts implicit fraud concerns, portion rejecting an further 139,000 developer enrolments. On the lawsuit front, the institution rejected much than 711 cardinal lawsuit relationship creations and deactivated astir 129 cardinal lawsuit accounts, per the yearly App Store fraud prevention analysis.

“Preserving the App Store’s harmless and unafraid marketplace requires changeless vigilance, arsenic atrocious actors proceed to germinate their tactics successful an effort to defraud users. These threats scope from deceptive apps designed to bargain idiosyncratic information, to fraudulent outgo schemes that effort to exploit users,” stated Apple.

The institution besides has to way down transgression enactment unfolding extracurricular of its marketplace. Last year, Apple said it detected and blocked much than 10,000 illegitimate apps that were made disposable done pirate storefronts. Their contents included pornography apps, gambling, and stolen versions of morganatic App Store applications.

Last twelvemonth saw Apple processing implicit 1.2 cardinal ratings and reviews. The institution removed much than 143 cardinal fraudulent ratings and reviews from its app marketplace, arsenic good arsenic much than 7,400 apps from App Store charts and astir 9,500 deceptive apps from the App Store hunt results.

“Apple volition proceed to physique connected its committedness to supply users with the safest and astir unafraid acquisition connected the App Store, which includes empowering users with resources to get assistance and study suspected fraud,” shared Apple successful its report.

Published - May 28, 2025 02:31 p.m. IST