Apple says it blocked over $1.8bn fraudulent App Store transactions in 2023

Apple on May 14 published a report stating it had prevented a combined total of over $7 billion in potentially fraudulent transactions on the App Store from 2020 to 2023. In 2023 alone, it stopped more than $1.8 billion such transactions, the report added. Moreover, Apple stated, the company blocked over 14 million stolen credit cards from transacting on its App Store between 2020 and 2023.

On the apps side, Apple in its report stated that the company rejected over 1.7 million app submissions for failing to meet the App Store’s security and privacy standards. The company also terminated around 374 million developers and customer accounts for security concerns.