Apple prevented over $7 billion potential fraudulent transactions from 2020

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As you should know, scam cases have been rising since the pandemic and even more so this year. This can also happen on online stores and Apple is proud to announce that from 2020 through 2023, Apple prevented a combined total of over $7 billion in potentially fraudulent transactions.

From Apple's fourth annual fraud prevention analysis that was published this week, Apple blocked over 14 million stolen credit cards and more than 3.3 million accounts from transacting again in the same period. In 2023 alone, it rejected more than 1.7 million app submissions for failing to meet the App Store’s stringent standards for privacy, security, and content. 

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This resulted in the termination of nearly 374 million developer and customer accounts and the removal of close to 152 million ratings and reviews over fraud concerns. Additionally, Apple terminated close to 118,000 developer accounts, a decrease from 428,000 terminations from the prior year (2022). More than 91,000 developer enrolments were rejected for fraud concerns and prevented from submitting problematic apps to the App Store.

Besides Account Fraud, Apple also looks into other areas such as Ratings and Reviews, as well as Payment and Credit Card Fraud. Below are some highlights that Apple reported in its 2023 analysis report:

  • Apple removed nearly 152 million fraudulent ratings and reviews from the App Store.
  • More than $1.8 billion in potentially fraudulent transactions on its platform. 
  • More than 3.5 million stolen credit cards were prevented from being used to make fraudulent purchases and banned over 1.1 million accounts from transacting again.

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If you're interested in reading the full details of the report, you can visit the official Apple Newsroom right over here. Be smart, be safe and never fall for too-good-to-be-true-deals.