US tech major Apple has announced that it prevented potentially fraudulent transactions via the Apple App Store to the tune of about $1.5 billion in 2020. The Apple news provides cheering reassurance to users of iOS devices that their safety is guaranteed when using the App Store.
There were a couple of accusations that Apple was not doing enough to safeguard its customers from potentially fraudulent activities on several fronts. One of the ways that fraudsters have used to gain access to critical data was through fraudulent apps. But Apple insists that its App Store remains a highly secure platform for mobile applications for its customers.
The blog post highlighted some of the steps taken to protect the App Store users, and the company outlined the outcomes. Apple said that up to a million problematic new apps were removed or rejected, together with a similar quantum of updates rejected. Several thousands of apps did not scale through the rigorous review process put in place, while many others were also axed for violating privacy restrictions.
Notably, the tech giant also says that more than 100,000 illegal apps were blocked on pirate storefronts, about 0.25 billion customer accounts were deactivated due to fraudulent or abusive activity within the year. In addition, about 424 million attempts at creating new accounts were denied after fraudulent patterns were associated with the potential accounts. Apple also says it could prevent more than 3 million stolen credit cards from being used to purchase goods and services.
App security remains a critical issue, and Apple focuses on establishing a secure platform responsive to potentially fraudulent activities. But despite these efforts there are still reports of fraudulent activities on the store. An iPhone user was recently thrown into confusion after his life saving of over $600,000 in Bitcoin was emptied by fraudsters using a fake Trezor wallet he downloaded from the Apple App Store.
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