Apple Says the Company Prevented Over $2 Billion Potentially Fraudulent App Store Transactions in 2022The tech giant also said it blocked nearly 3.9 million stolen credit cards from being used and rejected about 1.7 million app submissions that failed to meet Apple's privacy and security standards.

ByMadeline Garfinkle

NurPhoto | Getty Images

The Apple Store has come a long way since it launched nearly 15 years ago, and as technology has accelerated, so has cybercrime. In 2022, the FBIreceivednearly 500,000 more reports of internet crime as compared toten years prior.

每周有近6500亿名游客ing to company data,Applehas to be vigilant about cybercrime on the platform.

Apple is claiming that it has prevented more than $2 billion in potentially fraudulent transactions in its App Store, according to apress releasereleased Tuesday. The tech giant also said it blocked nearly 3.9 million stolen credit cards from being used and rejected about 1.7 million app submissions that failed to meet Apple's privacy and security standards — with some containing malicious code to steal user data.

"Over the years, Apple has improved its systems to continuously monitor and detect account fraud quickly," the company wrote in the release.

Related:Cybercrime Will Cost The World $8 Trillion This Year — Your Money is in Danger. Here's Why Prioritizing Cybersecurity is Crucial to Mitigate Risk

Amid the smartphone revolution, apps are major targets for hackers and fraudsters. Last year,Google banneddozens of apps from the Google Play Store for containing illicit data-harvesting malware.

Among the other security actions taken by Apple in 2022, the company detected and subsequently removed 428,000 developer accounts and 282 million customer accountsfor "fraud and abuse" — issues ranging from spam to illegitimate storefronts.

According to theCybersecurity and Infrastructure Security Agency, cybercrime is the No. 1 imposter scam in the U.S., with one in five victims reporting a financial loss.

Related:Why Is Cybersecurity Important for Your Business? Neglecting It Could Be Your Downfall.

Madeline Garfinkle

Entrepreneur Staff

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University.

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