has successfully prevented over USD7 billion in potentially fraudulent transactions, blocked over 375,000 apps on the App Store that violated their policies and terminated approximately 3.3 million accounts attempting fraud. This was revealed by Apple in their fourth annual fraud prevention analysis that they recently released, which also highlighted that they had blacklisted over 14 million stolen credit cards.
User accounts can also be an issue though, with Apple blocking over 153 million user account creations with the suspicion that they’re being used to commit fraud such as manipulate reviews. Apple also deactivated around 374 million accounts for possible fraud and misuse. That’s on top of blocking over 47,000 illegitimate apps on pirate store fronts, and preventing nearly 3.
The App Review team also work to identify and remove financial service apps involved in malicious social engineering, including those impersonating known services to conduct phishing campaigns and offer fraudulent financial services. They’ve removed or rejected over 40,0000 apps last year alone from developers who try such bait-and-switch tactics.