Apple: App Store stopped over $7 billion in potentially fraudulent transactions in four years

Apple’s antifraud initiatives have grown over the years as digital threats have grown in scale and complexity. To help protect its users, Apple monitors and investigates fraud on the App Store every day, and uses advanced tools and technologies to identify bad aliments and strengthen the ecosystem. It rejected more than 1.7m app submissions for failing to meet the App Store’s stringent standards for privacy, security, and content…