Apple (NASDAQ:AAPL)
On Tuesday, Apple (NASDAQ:AAPL) said that App Store blocked $2 billion in illegal transactions in 2022. This news comes amid ongoing pressure on the tech giant to open its devices to app shops operated by other parties.
Apple said it removed about 428 thousand developer accounts and 282 million customer accounts due to fraud and abuse. This was in addition to the fact that it rejected nearly 1.7 million software submissions for failing to fulfill the software Store’s privacy, security, and content standards.
Apple also said it successfully prevented roughly 3.9 million fraudulent payments from being made using stolen credit cards. In addition, more than 714 thousand bogus accounts were prevented from ever completing another transaction, according to Apple.
This release comes when the business is coping with an ongoing drive worldwide to enable third-party app stores on its famous iPhones and iPads.
The Digital Markets Act, agreed late last year by the European Union, will take effect in 2024.
After the bill was signed into law, it was claimed that developers at Apple were working on enabling customers to download third-party software outside of the App Store and enabling firms to avoid paying the tech giant commission rates of up to as much as 30%. This news followed the adoption of the legislation.
The directive to comply with the Digital Services Act was issued by EU Commissioner Thierry Breton a month ago, and it was directed at Apple and other companies.
Products with more than 45 million monthly active users are required by the DSA to enable external and internal audits and data exchange with the appropriate authorities.
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