Apple: App Store Blocked $2 Billion in Fraud Last Year

Group 1 - Apple reported that its App Store prevented over $2 billion in fraudulent transactions in the last year, contributing to a total of more than $9 billion blocked over the past five years [1] - The company highlighted the evolving tactics of fraudsters and emphasized the need for constant vigilance to maintain a secure marketplace [1][2] - Apple terminated over 146,000 developer accounts and rejected 139,000 developer enrollments due to fraud concerns, preventing fraudulent apps from entering the App Store [2] Group 2 - The App Review program removed more than 37,000 apps for fraudulent activity in 2024 and eliminated over 143 million fraudulent ratings and reviews last year [3] - Additionally, Apple kept nearly 9,500 deceptive apps from appearing in search results, benefiting legitimate developers by leveling the playing field [3][4] - The trend of consumers shifting from plastic cards to virtual cards is noted, with 42% of U.S. consumers using virtual cards in the last six months and 65% likely to use them within the next year [5][6]