A new analysis from the Washington Post reveals just how widespread fraud is across the Apple App Store, while also offering glimpse into the revenue flowing into Cupertino generated by those malicious activities.
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Apple App Store has been under heightened scrutiny for maintaining its iron grip on the apps available to iOS users. CEO Tim Cook says the company’s monopoly on app access is necessary to maintain certain standards for safety and effectiveness.
But the data from The Post suggests otherwise, showing that out of all of the the top-1,000 grossing apps, almost 2 percent are scams. Notably, these apps have billed Apple customers $48 million while they’ve been available in the store, and Apple gets a 30 percent cut of every transaction. Once alerted to 18 fraud apps in the Store found by The Post, two-thirds were taken down, according to the report.
Threatpost has not yet received a response from Apple regarding the report.