Apple says that its App store safety mechanisms blocked $1.5 billion in fraudulent App Store transactions, 1.6 million risky and vulnerable apps, and app updates from defrauding users.
Since the bad actors continue to evolve their methods of online fraud, Apple has sustained to enhance its processes, create new ones, and engineer solutions to take on these threats.
According to the Apple’s Inaugural Fraud Prevention Analysis report, “In 2020 alone, Apple’s combination of sophisticated technology and human expertise protected customers from more than $1.5 billion in potentially fraudulent transactions, preventing the attempted theft of their money, information, and time — and kept nearly a million problematic new apps out of their hands”.
As an update to that analysis, in 2021, the company protected customers from nearly $1.5 billion in potentially fraudulent transactions and stopped over 1.6 million risky and vulnerable apps and app updates from defrauding users.
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