Apple says it prevented $7B+ in “potentially fraudulent transactions” on the App Store from 2020 through 2023, including $1.8B+ in 2023, down from $2B+ in 2022
TechCrunch Natasha Lomas
Related Coverage
- App Store stopped over $7 billion in potentially fraudulent transactions in four years Apple
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- Apple blocked over 374 million accounts for frauds in 2023; claims to prevent scams worth $1.8 billion- Full details Hindustan Times
- Apple foiled fraudulent transactions worth over $1.8 billion in 2023 NewsBytes
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Discussion
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@keleftheriou
Kosta Eleftheriou
on x
“down from the $2 billion in potentially fraudulent transactions Apple reported preventing in 2022” So... is Apple getting worse at finding fraud on its App Store?
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@drbarnard
David Barnard
on x
👀 “In 2023, Apple terminated close to 118,000 developer accounts, a decrease from 428,000 terminations from the prior year, thanks to continued improvements to prevent the creation of potentially fraudulent accounts in the first place.”
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@adamkovac
Adam Kovacevich
on x
“Sideloading” mandates - like in EU's Digital Markets Act and the US Open App Markets Act - would make most of this ⬇️ impossible [image]