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Apple saves over $2 billion by preventing fraudulent transactions and rejecting millions of app submissions

 

Apple has announced that it prevented over $2 billion in potentially fraudulent transactions and rejected roughly 1.7 million app submissions for privacy and security violations in 2022. 

The company further terminated 428,000 developer accounts for potential fraudulent activity, blocked 105,000 fake developer account creations, and deactivated 282 million bogus customer accounts. It also thwarted 198 million attempted fraudulent new accounts prior to their creation. The company attributed the decrease in developer accounts being booted out to new methods and protocols that prevent the creation of such accounts in the first place. 

Apple highlighted that it blocked nearly 3.9 million stolen credit cards from being used to make fraudulent purchases, and banned 714,000 accounts from transacting again. In all, $2.09 billion in fraudulent transactions on the App Store were blocked in 2022. 

These numbers are in line with the recent report from Google that dismantled 173,000 bad accounts and blocked 1.43 million harmful apps from being published to the Play Store in 2022, fending off more than $2 billion in fraudulent and abusive transactions.

 

Although threat actors have found a variety of ways to bypass security protections and publish their apps on the official app stores, Apple and Google will continue to develop new approaches and tools designed to prevent fraud from harming App Store users and developers.

Creative Mind

Hello Dope SOUL'S, I am super excited to introduce myself as the founder of TechZone101.com and a passionate self-taught blogger. With a strong focus on technology and its ever-evolving landscape, I have learned everything online by myself, and I strive to provide insightful and informative content for my readers. Growing up, I was always fascinated by the power of technology and how it shapes our world. This curiosity led me to dive deep into computer science and engineering, where I taught myself the essential skills that laid a strong foundation for my career in the tech industry. After several years of being a self-taught software engineer, I realized my true passion lay in sharing knowledge and connecting with people who share similar interests. This drove me to establish TechZone101.com, a platform where I could showcase my expertise and provide valuable information about the latest tech trends, gadgets, and software. As a self-taught blogger, I continually explore new technologies, analyze market trends, and test various products to provide honest and unbiased reviews. Through my writing, I aim to make complex concepts easy to understand and help readers make informed decisions. I firmly believe that intelligence doesn't solely come from school; rather, it can be cultivated through dedication and a hunger for learning. Therefore, I strive to create content that caters to both tech enthusiasts and beginners, breaking down complex subjects into digestible articles and tutorials. In addition to my work as a blogger, I actively participate in tech conferences and events, seeking opportunities to collaborate with industry professionals and stay up-to-date with the latest advancements. This ensures that my content remains accurate, relevant, and beneficial for my audience. I am excited to continue this journey of discovery and growth, and I am grateful for the support and engagement of my readers. TechZone101.com will always be a platform dedicated to sharing knowledge, connecting with the tech community, and helping readers navigate the ever-evolving tech landscape. Thank you for being a part of this journey. Stay curious, stay tech-savvy! Best regards, [Creative Mind] Founder of TechZone101.com

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