Apple says App Store prevented more than $2B in unauthorized transactions last year
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Apple (NASDAQ:AAPL) said on Tuesday that its App Store was responsible for shutting down $2B in unauthorized transactions in 2022 amid a continued push for the tech giant to open up its devices to third-party app stores.
In a statement, Apple (AAPL) added that it rejected nearly 1.7M app submissions for failing to meet the App Storeâs privacy, security and content standards, while also noting that it got rid of 428K developer accounts and 282M customer accounts for fraud and abuse.
Apple (AAPL) also said it blocked almost 3.9M stolen credit cards used to try to make unauthorized charges. More than 714K fraudulent accounts were also blocked from making transactions again, Apple added.
The release comes as the company deals with a continued push around the globe to allow third-party app stores on its iconic iPhones and iPads.
Late last year, the European Union passed the Digital Markets Act, which goes into effect in 2024.
Following the passage of the legislation, it was reported that Apple (AAPL) engineers were working on a way to let users download third-party software outside of the App Store and let companies avoid paying the tech giant commission rates up to as much as 30%.
Last month, EU Commissioner Thierry Breton said Apple (AAPL) and others were required to comply with the Digital Services Act.
The DSA requires products with more than 45M monthly active users to allow for external and internal auditing, and data sharing with authorities.
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