"The EU is set to scrutinize if Apple, Google and Microsoft are failing to adequately police financial fraud online, as it steps up efforts to police how Big Tech operates online. The EU's tech chief Henna Virkkunen told the Financial Times that on Tuesday the bloc's regulators would send formal requests for information to the three US Big Tech groups as well as global accommodation platform Booking Holdings, under powers granted under the Digital Services Act to tackle financial scams."
""We see that more and more criminal actions are taking place online," Virkkunen said. "We have to make sure that online platforms really take all their efforts to detect and prevent that kind of illegal content." The move, which could later lead to a formal investigation and potential fines against the companies, comes amid transatlantic tensions over the EU's digital rule book. US President Donald Trump has threatened to punish countries that "discriminate" against US companies with higher tariffs."
The EU will scrutinize whether Apple, Google, Microsoft, and Booking Holdings adequately police online financial fraud under the Digital Services Act. Regulators will send formal information requests to the four companies to probe detection and prevention of scams, fake apps in app stores, fake search results, and fraudulent accommodation listings. The inquiry could lead to formal investigations and fines. The move occurs amid transatlantic tensions and threats of US tariffs for perceived discrimination against US firms. The commission will evaluate company-specific operations rather than country of origin while focusing on measures to detect and remove illegal content.
Read at Ars Technica
Unable to calculate read time
Collection
[
|
...
]