Apple stopped over $1.5 bn in potentially fraudulent transactions in 2020

Apple protected customers from more than $1.5 billion in potentially fraudulent transactions on its App Store, preventing the attempted theft of their money, information and time and kept nearly a million risky new apps out of their hands last year, the company has announced.

In 2020, nearly 1 million problematic new apps, and an additional nearly 1 million app updates, were rejected or removed for a range of reasons like those.

In 2020, about 95,000 apps were removed from the App Store for fraudulent violations, predominantly for these kind of bait-and-switch manoeuvres, the tech giant said in a statement late on Tuesday.

“When such apps are discovered, they’re rejected or removed immediately from the store, and developers are notified of a 14-day appeals process before their accounts are permanently terminated,” Apple informed.