The European Union has stepped up scrutiny of U.S. tech giants, with EU tech chief Henna Virkkunen confirming formal Digital Services Act (DSA) inquiries to Apple, Google, and Microsoft over how they combat financial scams. Booking.com is also included.
Under the DSA, platforms must curb illegal and harmful content. Virkkunen noted that online fraud—from fake hotel listings to bogus banking apps—costs Europeans over €4 billion annually. Regulators say advances in AI are making scams more sophisticated and harder to spot, prompting detailed requests on risk identification and mitigation.
The probe will examine Apple’s and Google’s app stores for controls preventing fake banking and investment apps. For Google and Microsoft, the focus includes search engines and safeguards that block links and ads leading to fraudulent sites.
This action forms part of the EU’s broader DSA enforcement push, following investigations into Meta, TikTok, and X. Non-compliance can draw penalties of up to 6% of global annual revenue.
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