The EU is scrutinizing how Apple, Google, and Microsoft tackle online scams

"We see that more and more criminal actions are taking place online,"

"We have to make sure that online platforms really take all their efforts to detect and prevent that kind of illegal content."

"These information requests could lead to official investigations being launched into the four companies, which would leave them faced with potential fines of up to six percent of their annual global turnover."

EU regulators have formally requested information from Apple, Google, Microsoft, and Booking under the Digital Services Act to assess efforts to prevent online financial scams. Requests target fraudulent banking apps in Apple and Google app stores, fake search results on Google and Microsoft search engines, and fake accommodation listings on Booking platforms. Regulators may use the responses to open official investigations into compliance and effectiveness of platform measures against fraud. Companies found noncompliant could face fines of up to six percent of annual global turnover. More criminal actions increasingly take place online, requiring platforms to detect and prevent illegal content.

Read at The Verge