Apple Says App Store Stopped $1.8B in Fraudulent Transactions in 2023

Apple’s App Store blocked over $7 billion in fraudulent activity from 2020 through 2023.It also stopped more than $1.8 billion in fraudulent transactions in 2023 alone, Apple said in a Tuesday (May 14) press release.To combat fraud, Apple has dedicated teams that monitor and investigate fraudulent activity daily, according to the release. These teams use tools and technologies to identify and remove bad actors from the platform.As a result, from 2020 to 2023, over 14 million stolen credit cards and more tha ...