EU Presses Apple, Google, Microsoft Over Financial Scam Risks

EU Presses Apple, Google, Microsoft Over Financial Scam Risks

The European Union (EU) has intensified its campaign to hold Big Tech accountable, turning its attention to Apple, Google, Microsoft, and Booking Holdings over the growing threat of financial scams proliferating online.

On Tuesday, the European Commission announced it had sent formal requests for information to these companies under the Digital Services Act (DSA), Europe’s landmark online safety law. The Commission wants concrete details on what measures these platforms have in place to prevent their services from being misused by fraudsters.

Officials stressed that this step does not yet constitute a formal investigation or an accusation of wrongdoing. Instead, it marks an early but serious move in ensuring these digital giants comply with one of the world’s most ambitious internet regulations.

Why the EU Is Acting Now

A Surge in Online Fraud

Financial fraud has become a major cross-border concern. According to estimates cited by EU officials, scams cost European citizens billions of euros annually. These scams take many forms:

  • Fake banking and investment apps uploaded on app stores.
  • Fraudulent advertisements and links appearing in search engines.
  • False property listings on travel and booking platforms.

Criminals increasingly use sophisticated tactics, sometimes even leveraging artificial intelligence, to trick consumers into handing over sensitive personal data or money. The EU argues that platforms hosting such content have a responsibility to identify risks and shut down fraudulent activity quickly.

Platforms Under the Spotlight

The request for information targets four specific areas of concern:

  1. Apple App Store & Google Play Store
    • The Commission wants details on how app stores identify and remove fraudulent financial apps that impersonate banks or investment firms.
    • Fake apps have repeatedly been used by scammers to lure users into revealing account credentials or transferring money.
  2. Microsoft Bing & Google Search
    • Regulators are pressing search engines to explain how they deal with suspicious links and ads that lead to scam websites.
    • These scams often masquerade as legitimate businesses, making them particularly dangerous.
  3. Booking Holdings (Booking.com and related services)
    • The EU is scrutinizing how travel platforms handle fake listings, where scammers create non-existent hotels or apartments to deceive users into paying deposits or fees.
  4. Ad Transparency and Business Verification
    • All four companies must also clarify how they implement the “Know Your Business Customer” principle.
    • The EU is asking whether ad repositories are fully accessible and transparent for regulators, researchers, and watchdog groups.

The Power of the Digital Services Act

What Is the DSA?

The Digital Services Act, which came into force in 2024, imposes strict responsibilities on very large online platforms (VLOPs) and search engines operating in the EU. These include Apple, Google, Microsoft, Meta, TikTok, Amazon, X (formerly Twitter), and others.

Key requirements under the DSA include:

  • Conducting risk assessments on how platforms can be exploited for illegal content or scams.
  • Implementing mitigation measures to reduce risks.
  • Offering greater transparency about content moderation, algorithmic systems, and ad targeting.
  • Allowing regulators access to data for compliance monitoring.

Failure to comply can lead to hefty fines of up to 6% of global annual revenue — a potentially massive penalty for companies worth hundreds of billions of dollars.

A Clash Between the EU and the U.S.

Trump’s Pushback

The DSA and its sister law, the Digital Markets Act (DMA), have not gone unchallenged. Former U.S. President Donald Trump and his allies have sharply criticized these regulations, accusing Brussels of unfairly targeting American tech companies.

Trump, who has already shaken up trade relations by imposing tariffs on EU goods, has suggested more levies could follow if U.S. tech firms continue to face “discriminatory” European rules.

Tech Giants Cry Censorship

Big Tech leaders — including Mark Zuckerberg (Meta) and Elon Musk (X) — have argued that some provisions of the DSA amount to censorship, restricting free speech under the guise of consumer protection.

The EU, however, maintains a clear principle: “What is illegal offline should also be illegal online.” Regulators insist that the laws are not about silencing voices but about ensuring accountability for platforms that profit from massive digital ecosystems.

Previous EU Actions Under the DSA

The EU has already launched several high-profile cases under the DSA, signaling its seriousness in enforcement:

  • Meta (Facebook and Instagram) – under investigation for risks related to child safety and mental health.
  • TikTok – scrutinized for its addictive design features and potential exposure of minors to harmful content.
  • X (Twitter) – facing a prolonged investigation since December 2023, with regulators expected to impose fines once technical reviews are complete.

The EU stresses that enforcement applies equally to global players. For example, China’s AliExpress has also come under scrutiny, showing that enforcement is not confined to American firms.

What Happens Next?

The companies — Apple, Google, Microsoft, and Booking — must respond to the Commission’s request with detailed documentation on their anti-scam strategies.

The process will unfold in several stages:

  1. Submission of Responses: Each company will provide data on how it identifies and prevents scams.
  2. Commission Review: Officials will analyze whether the measures are sufficient, comprehensive, and in line with DSA obligations.
  3. Potential Investigations: If answers are inadequate, Brussels could escalate to formal probes.
  4. Possible Penalties: Non-compliance could trigger multi-billion-euro fines.

EU Digital Chief Henna Virkkunen recently warned that more investigations are likely: “The DSA is a huge legislation, and we will probably start new ones in the coming weeks and months.”

The Bigger Picture: Protecting Europeans Online

The Commission frames this move not just as a regulatory exercise but as a consumer protection mission. Scams, regulators argue, undermine trust in the digital economy and disproportionately hurt ordinary citizens.

By holding Big Tech platforms accountable, the EU aims to ensure that online spaces are safer and that consumers can rely on app stores, search engines, and booking platforms without fear of falling victim to fraud.

As enforcement ramps up, the EU is sending a strong signal: digital giants can no longer operate in Europe without strict responsibility for what happens on their platforms.

 

The Information is Collected from MSN and Yahoo.


Subscribe to Our Newsletter

Related Articles

Top Trending

Niragi vs Chishiya
Niragi vs. Chishiya: Why Chaos Will Always Lose to Logic [The Fatal Flaw]
Does Chishiya Die?
Does Chishiya Die? Why His Survival Strategy Was Flawless [Analysis]
Gold vs Bitcoin Investment
The Great Decoupling: Why Investors Are Choosing Bullion Over Blockchain in 2026
North Sea Wind Pact
The Hamburg Declaration: How the North Sea Wind Pact is Redrawing Europe’s Power Map
Tiny homes
Tiny Homes: A Solution to Homelessness or Poverty with Better Branding?

Fintech & Finance

Gold vs Bitcoin Investment
The Great Decoupling: Why Investors Are Choosing Bullion Over Blockchain in 2026
Why Customer Service is the Battleground for Neobanks in 2026
Why Customer Service is the Battleground for Neobanks in 2026
cryptocurrencies to watch in January 2026
10 Top Cryptocurrencies to Watch in January 2026
best travel credit cards for 2026
10 Best Travel Credit Cards for 2026 Adventures
Understanding Credit Utilization in the Algorithmic Age
What Is Credit Utilization: How Credit Utilization Is Calculated [Real Examples]

Sustainability & Living

Tiny homes
Tiny Homes: A Solution to Homelessness or Poverty with Better Branding?
Smart Windows The Tech Saving Energy in 2026 Skyscrapers
Smart Windows: The Tech Saving Energy in 2026 Skyscrapers
The Environmental Impact of Recycling Solar Panels
The Environmental Impact Of Recycling Solar Panels
Renewable Energy Trends
Top 10 Renewable Energy Trends Transforming the Power Sector in 2026
Eco-Friendly Building Materials
10 Top Trending Eco-Friendly Building Materials in 2026

GAMING

Esports Fatigue How Leagues Are reinventing Viewership for Gen Alpha
Esports Fatigue: How Leagues Are Reinventing Viewership For Gen Alpha
Exploring the Future of Online Gaming How New Platforms Are Innovating
Exploring the Future of Online Gaming: How New Platforms Are Innovating
The Economics of Play-to-Own How Blockchain Gaming Pivoted After the Crash
The Economics of "Play-to-Own": How Blockchain Gaming Pivoted After the Crash
Why AA Games Are Outperforming AAA Titles in Player Retention jpg
Why AA Games Are Outperforming AAA Titles in Player Retention
Sustainable Web3 Gaming Economics
Web3 Gaming Economics: Moving Beyond Ponzi Tokenomics

Business & Marketing

Billionaire Wealth Boom
Billionaire Wealth Boom: Why 2025 Was The Best Year In History For Billionaires
ESourcing Software The Complete Guide for Businesses
ESourcing Software: The Complete Guide for Businesses
The End of the Seat-Based License How AI Agents are Changing Pricing
The End of the "Seat-Based" License: How AI Agents are Changing Pricing
Best Citizenship by Investment Programs
The "Paper Ceiling": Why a Second Passport is No Longer a Luxury, But an Economic Survival Kit for the Global South
cryptocurrencies to watch in January 2026
10 Top Cryptocurrencies to Watch in January 2026

Technology & AI

zero-water data centers
The “Thirsty” Cloud: How 2026 Became the Year of Zero-Water Data Centers and Sustainable AI
The End of the Seat-Based License How AI Agents are Changing Pricing
The End of the "Seat-Based" License: How AI Agents are Changing Pricing
the Great AI Collapse
The Great AI Collapse: What the GPT-5.2 and Grokipedia Incident Actually Proves
green web hosting providers
10 Best Green Web Hosting Providers for 2026
Blockchain gas fees explained
Blockchain Gas Fees Explained: Why You Pay Them and How to Lower Transaction Costs

Fitness & Wellness

Mental Health First Aid for Managers
Mental Health First Aid: A Mandatory Skill for 2026 Managers
The Quiet Wellness Movement Reclaiming Mental Focus in the Hyper-Digital Era
The “Quiet Wellness” Movement: Reclaiming Mental Focus in the Hyper-Digital Era
Cognitive Optimization
Brain Health is the New Weight Loss: The Rise of Cognitive Optimization
The Analogue January Trend Why Gen Z is Ditching Screens for 30 Days
The "Analogue January" Trend: Why Gen Z is Ditching Screens for 30 Days
Gut Health Revolution The Smart Probiotic Tech Winning CES
Gut Health Revolution: The "Smart Probiotic" Tech Winning CES