• About Us
  • Contact Us
Thursday, May 7, 2026
  • Login
CXOTECH
No Result
View All Result
  • NEWS
  • CXO TALKS
  • Executive Moves
  • ANALYSIS
  • STRATEGY
  • HOW TO
  • NEWS
  • CXO TALKS
  • Executive Moves
  • ANALYSIS
  • STRATEGY
  • HOW TO
No Result
View All Result
CXOTECH
No Result
View All Result

Apple Claims Its App Store Avoided $2B in Fraudulent Sales Last Year

Ali Ömer Yıldız by Ali Ömer Yıldız
May 17, 2023
in News
A A
Company Strategies: Apple

According to a press release issued by Apple on Tuesday, the App Store stopped almost $2 billion in potentially fraudulent purchases last year. According to the business, it rejected roughly 1.7 million app entries in 2022 for failing to meet the App Store’s privacy and security criteria.

The announcement comes as Apple continues to face pressure to open up iPhones and iPads to third-party app shops. The European Union enacted the Digital Markets Act last year, which will take effect in 2024 and require Big Tech companies to allow alternative app stores on their platforms, providing developers a choice in app distribution and customers the freedom to download apps from several sources.

Following the passage of the Digital Markets Act by the European Union, Bloomberg claimed that Apple was prepared to allow rival app stores on its iPhones and iPads in order to meet the impending regulations. The modifications are expected to be introduced as part of the release of iOS 17 later this year.

Apple has long said that sideloading, or installing an app on a phone or tablet without using the device’s official App Store, exposes customers to security threats. Apple’s long-running conflict with Epic has likewise centered on the issue of sideloading and App Store royalties. Apple has pressed US lawmakers on the risks of sideloading, claiming that it maintains strict control over the programs in its App Store to keep customers secure.

Throughout today’s press statement, Apple emphasizes that its safeguards, especially the App Store review process, were important in preventing fraudulent purchases. Last year, the business claims to have “protected users from nearly 57,000 untrustworthy apps from illegitimate storefronts, which do not have the same built-in privacy and security protections as the App Store.” The statement effectively reiterates Google’s position on third-party app shops. According to Apple, “unauthorized marketplaces distribute harmful software that can imitate popular apps or alter them without the consent of their developers.”

Despite Apple’s efforts, it’s worth emphasizing that the software Store’s software review process is far from flawless and does not guarantee that iOS customers are always protected from frauds and fraud, or even viruses.

Apple also emphasized the security of its payment technologies, such as StoreKit and Apple Pay, in the news release, saying that it prevented roughly 3.9 million stolen credit cards from being used to make fraudulent purchases and barred 714,000 accounts from ever transacting again.

Post Views: 595
Tags: AppleDigital MarketFraudiOS
Previous Post

ChatGPT CEO: Artificial Intelligence Regulation is a Must

Next Post

Meta Launches Meta Verified Paid Verification Program

Next Post
Meta Launches Meta Verified Paid Verification Program

Meta Launches Meta Verified Paid Verification Program

Tesla Roadster Production Will Begin in 2023

Tesla Roadster Production Will Begin in 2023

LATEST NEWS

Nvidia and Amazon Web Services logos representing a major multi-year AI chip and infrastructure agreement
News

Nvidia and Amazon Sign Major AI Infrastructure Chip Deal

March 23, 2026

Nvidia has signed a multi-year agreement with Amazon Web Services (AWS) to supply AI chips and related infrastructure, reinforcing the...

Read moreDetails
Dana Walden announcing Disney’s new leadership structure for streaming, film, television, and games

Disney Sets New Leadership Structure for Expanded Entertainment Segment

March 18, 2026
Google Maps app interface showing immersive navigation and AI-powered trip planning features

Google Maps Gets Its Biggest Navigation Redesign in Over a Decade

March 16, 2026
Interior of an Amazon Robotics innovation hub, highlighting automation strategy and workforce restructuring

Amazon Cuts Jobs in Robotics Division Despite “Strategic Priority” Status

March 5, 2026
Claude AI app displayed in the Apple App Store on a smartphone, illustrating rising consumer adoption amid government scrutiny

Claude Hits No. 1 on Apple’s Top Free Apps List After U.S. Defense Pushback

March 2, 2026

Follow Us On LinkedIn

Categories

  • ANALYSIS
  • CIO Exclusive
  • Company Analysis
  • cxotalks
  • Executive Moves
  • HOW TO
  • News
  • STRATEGY

Tags

5G AI Amazon Android Apple Artificial intelligence chatbot ChatGPT China Chip CIO CXO Cyberattack Cybersecurity Digital Transformation Electric Car Elon Musk ElonMusk EV Facebook GITEX Google Huawei Instagram Intel iOS iPhone Japan META Microsoft NASA Nvidia OpenAI Sam Altman samsung Space SpaceX Tesla Threads TikTok TSMC Twitter Whatsapp Xiaomi YouTube
  • About Us
  • Contact Us

© 2023 CXO MEDYA

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About Us
  • B2B Lead Generation — Built for Enterprise Tech
  • Contact Us
  • Latest News
  • Privacy Policy
  • Tech Events & Conferences 2024

© 2023 CXO MEDYA