Apple blocked over $9 billion in App Store fraud in five years

Apple says it blocked over $9 billion in fraudulent App Store transactions over the last five years, with over $2 billion in potentially fraudulent sanctions prevented in 2024 alone. The company's annual App Store fraud analysis also shows that Apple identified almost 4.7 million stolen credit cards and blocked over 1.6 million accounts from making transactions again. The App Store team also blocked hundreds of thousands of unsafe apps last year that could impact App Store's more than 813 million visitors a week, rejecting almost 1.9 million apps that didn't meet Apple's privacy and security standards out of 7.7 million App Store submissions reviewed. Another 320,000 were rejected for being copycats of already submitted apps and misleading users, while around just over 43,000 were denied entry into the Apple App Store for using undocumented or hidden features. "These bad actors can also attempt to deceive users by disguising potentially risky software as seemingly innocuous apps. L ... Read full article.