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

Apple says its App Store prevented more than $2 billion in fraudulent transactions last year.This is part of a larger anti-fraud effort that has blocked more than $9 billion worth of such transactions in the past five years, the tech giant said Thursday (May 27).“Preserving the App Store’s safe and secure marketplace requires constant vigilance, as bad actors continue to evolve their tactics in an attempt to defraud users,” Apple said in a news release.“These threats range from deceptive apps designed to st ...