Apple averts $1.5 billion heist


0
1 share
Apple averts 1.5 billion heist

Con artists who keep up with technology adapt to the developing world. Methods such as opening a physically fake bank and stealing wallets for credentials have been replaced by digital. Scammers who use app stores like the App Store and Play Store to reach their victims now reach their victims remotely.

Although companies like Apple and Google do their best to keep these stores safe, it’s not enough. Sometimes these companies are accused of not doing enough and not exercising better supervision. To show that this is not the case, Apple shared its performance in 2020.

Sharing its App Store scorecard, Apple struggled not only with the pandemic but also with fraud in 2020. The company blocked $1.5 billion in fraudulent transactions and closed 470,000 developer accounts in the process, according to the statement. The US tech giant, which prevented the use of 3 million stolen cards, closed the accounts of 244 million users for security reasons.

Apple averts 1.5 billion heist 1

Explaining that security is their top priority, Apple said 215,000 apps that applied were rejected because they did not comply with App Store privacy policies. At the same time, 48,000 apps have been removed from the store forever. Thanks to the hidden features these applications have, users were found to be doing transactions without their permission.

But despite all these precautions, scammers have managed to circle App Store security from time to time. Recently, an iPhone user lost his $600,000 Bitcoin to scammers. Fraudsters who posted a fake crypto currency wallet app with the same name as the original have gone missing, stealing money from users who have fallen into their networks. It was announced that the company was taking measures to prevent such incidents from happening.

See also  $ 113 million penalty for Apple for deliberately slowing down iPhones

Like it? Share with your friends!

0
1 share

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Becks

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x