Apple foiled fraudulent transactions worth over $1.8 billion in 2023


Content Team
Image Credit: newsbytes

Apple has successfully thwarted over $1.8 billion in potentially fraudulent transactions on its App Store during 2023. The tech giant prevented more than $7 billion in such transactions from 2020 to 2023. The company also blocked over 14 million stolen credit cards from being used on its platform within this period. This is alongside rejecting over 1.7 million app submissions for failing to meet security standards, and terminating around 374 million developer and customer accounts due to security concerns.