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 rulebook. US President Donald Trump has threatened to punish countries that “discriminate” against US companies with higher tariffs.
Virkkunnen stressed the commission looked at the operations of individual companies, rather than where they were based. She will scrutinize how Apple and Google are handling fake applications in their app stores, such as fake banking apps.
She said regulators would also look at fake search results in the search engines of Google and Microsoft’s Bing. The bloc wants to have more information about the approach Booking Holdings, whose biggest subsidiary Booking.com is based in Amsterdam, is taking to fake accommodation listings. It is the only Europe-based company among the four set to be scrutinized.
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