Apple's App Store prevents suspicious transactions and saved billions: Apple Pay and StoreKit are the payment technologies developed by Apple. These technologies handle in-app payments, subscriptions, and new purchases. As part of Apple's yearly fraud prevention analysis report for 2021, there are a few really large statistics to examine and analyse. More than 1.6 million potentially harmful and vulnerable apps, as well as app updates, were prevented from committing user fraud by a large technology company. This information was revealed in a recent announcement made by the company. Together, these measures prevented nearly $1.5 billion worth of fraudulent transactions in the App Store in 2017. More than 3.3 million fake customer accounts were removed from the platform, and more than 170 million stolen credit cards were prevented from completing any transactions. Before an app or an update is accepted for listing, Apple claims the multi-layered app review process employs automat