Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store totalling $7 billion (roughly Rs. 58,440 crores) in the given period. It also blocked more than 14 million stolen credit cards, and over 3.3 million accounts from transacting again. The details of Apple’s efforts were published by the company in a newsroom post, where it said, “As digital threats have evolved in scope and complexity over the years, Apple has expanded its antifraud initiatives to address these challenges and help protect its users. Every day, teams across Apple monitor and investigate fraudulent activity on the App Store, and utilise sophisticated tools and technologies to weed out bad actors and help strengthen the App Store ecosystem.” Sharing more data, the tech giant said that in the year 2023, it was …