Apple's App Store prevented over $2 billion in fraudulent transactions in 2022
In 2022, Apple made a significant announcement regarding its App Store's remarkable achievement in combating potential fraudulent activities. On Tuesday, Apple said, "Today, Apple announced that in 2022, the App Store prevented over $2 billion in potentially fraudulent transactions, and rejected nearly 1.7 million app submissions for failing to meet the App Store's high standards for privacy, security, and content.” Out of the extensive pool of 1.7 million apps, Apple's App Store exhibited stringent standards by rejecting a substantial number for various violations. In the year 2022, Apple took decisive action against bait-and-switch violations within its App Store, resulting in the blocking or removal of nearly 24,000 apps. Furthermore, in the previous year, Apple's App Review process was instrumental in preventing approximately 84,000 potentially fraudulent apps from reaching users on the App Store.
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