Apple is present process its greatest management change in years amid elevated scrutiny over App Retailer safety and an increase in cryptocurrency theft on iPhones.
The corporate introduced on April 20 that John Ternas, senior vp of {hardware} engineering, will succeed Tim Prepare dinner as chief govt officer by September 1.
Following Mr. Tarnas’ appointment, Mr. Prepare dinner will turn into govt chairman.
Ternus brings deep expertise inside Apple’s product organizations to his new position.
Since becoming a member of the corporate, he has led the event of iPad, AirPods, iPhone, and Mac. He additionally performed a central position in Apple’s transition to Mac silicon and just lately led the general public launch of the iPhone Air.
Prepare dinner mentioned Tarnas’ contributions have been a pacesetter in shaping Apple’s product lineup over the previous quarter century. He mentioned:
“John Ternus has the center of an engineer, the soul of an innovator, and the center to guide with integrity and honor. He’s a visionary whose contributions to Apple over his 25 years are already numerous, and he’s undoubtedly the suitable particular person to guide Apple into the long run.”
However the impending transition comes as the corporate is balancing a number of pressures, together with competitors within the synthetic intelligence area, slowing {hardware} progress and urgent safety challenges in one in all its most intently guarded companies.
Rogue pockets apps slip into Apple’s ecosystem
Apple has lengthy introduced the App Retailer as a tightly managed market, the place software program is screened earlier than it reaches customers.
Apple’s status is now below new scrutiny after cybersecurity researchers uncovered a wave of fraudulent cryptocurrency pockets apps that have been making their method by means of Apple’s ecosystem, exposing customers to important losses.
Kaspersky Menace Analysis introduced that it has recognized at the very least 26 functions impersonating main cryptocurrency manufacturers together with MetaMask, Ledger, Belief Pockets, and Coinbase. Some apps have already been eliminated, whereas others have been nonetheless in circulation when the corporate launched its findings.
Kaspersky Lab has linked this operation to a malware marketing campaign it calls SparkKitty, which it mentioned has been energetic since late 2025.
Researchers reported that the rip-off begins with an app that seems innocuous sufficient to evade early detection. These come as easy instruments like calculators, video games, and activity managers that may move Apple’s preliminary assessment course of.
As soon as put in, the app directs customers to an internet web page designed to appear like the official App Retailer itemizing.
Sergey Puzan, cellular malware professional at Kaspersky Lab, mentioned:
“Though the apps that begin the assault chain should not inherently malicious, they find yourself tricking customers into putting in a Trojan. By paying a payment and establishing a developer account, attackers can goal any iOS gadget if the person succumbs to their phishing techniques.”
From there, victims are lured into downloading what seems to be a legit crypto pockets. This scheme depends on social engineering and customized developer profiles to put in software program exterior of the usual App Retailer channels.
As soon as the person approves the profile, a compromised model of the pockets is loaded onto the gadget.
Notably, a few of these pretend apps are already inflicting important monetary harm.
Earlier this month, American musician G. Love revealed that he misplaced 5.9 Bitcoin (price about $436,000) after downloading what he believed was a legit Ledger app from Apple’s App Retailer.
He mentioned the software program prompted him to enter a seed phrase and the funds disappeared virtually instantly.
Towards this backdrop, this malicious marketing campaign raises broader questions in regards to the stage of safety customers truly obtain when fraud is perpetrated by means of software program that seems to return from inside Apple’s personal ecosystem.
For crypto customers specifically, the presence of an app within the App Retailer can assume legitimacy, particularly if it faithfully copies the identification and branding of a longtime pockets supplier.
Apple lifts digital foreign money ban, including new stress
Apple has by no means been an energetic firm within the cryptocurrency area. The iPhone maker does not have Bitcoin on its steadiness sheet and does not natively settle for the cryptocurrency for purchases on the App Retailer.
On the similar time, the corporate isn’t utterly faraway from the infrastructure of the crypto sector.
Software program instruments comparable to Apple CryptoKit assist safe cryptographic options in your gadget. Apple Pay can be built-in into elements of the cryptocurrency financial system by means of third-party providers that enable customers to maneuver between digital belongings and conventional funds.
Over the previous yr, Apple has loosened some restrictions on encryption-related apps. We eliminated earlier restrictions proscribing sure in-app transactions involving digital belongings and diminished charges by 30% on sure purchases.
This coverage change offers DeFi apps and NFT marketplaces extra room to function on iOS, opening up the platform to a wider vary of crypto merchandise.
Nonetheless, the scope for fraud has additionally expanded, particularly as curiosity in self-custody wallets and token-based functions has expanded past skilled customers.
However, Apple continues to level out the size of its enforcement actions. The corporate introduced final yr that it blocked greater than $9 billion in probably fraudulent transactions between 2020 and 2024.
In 2024 alone, the corporate introduced it had rejected 2 million app functions citing privateness and safety issues and suspended roughly 300,000 developer buyer accounts because of the danger of fraud.
New CEO inherits a brand new sort of safety testing
Timing is troublesome for Ternus.
He rose to the highest of Apple with a status constructed on {hardware} execution, product improvement, and operational self-discipline.
However the urgent challenges earlier than him lengthen to different elements of the corporate, the place belief within the App Retailer sits alongside broader issues in regards to the platform’s governance and person security.
Apple’s status has lengthy rested partly on the concept its walled backyard supplies cleaner and safer software program distribution than competing ecosystems.
Crypto scams delivered by means of App Retailer-adjacent experiences threaten that picture as they aim customers who’re almost definitely to depend on Apple’s vetting as their first line of protection.
Ternus begins his tenure with traders watching to see not solely how Apple approaches its product roadmap and AI technique, but additionally how nicely it responds to the rising use of its platform by organized cryptocurrency thieves.