Commission requests information under Digital Services Act from Apple, Booking.com, Google and Microsoft on financial scams

The European Commission has launched an investigation into how major tech companies are tackling financial scams on their platforms, a move reflecting the growing importance of digital safety in the EU. This information gathering initiative, conducted under the Digital Services Act (DSA), targets prominent platforms like Apple, Booking.com, Google, and Microsoft, signalling the EU's commitment to holding tech giants accountable for content hosted on their services and reinforcing digital sovereignty. The Commission's requests focus on identifying and managing risks associated with fraudulent content across various services. Specifically, the regulators are demanding detailed information on the platforms’ assessment of scam content, as well as the specific measures taken to minimize these risks. These include investigations into fraudulent applications, deceptive accommodation listings, and misleading advertisements that redirect users to malicious websites. This action directly impacts all European citizens, as well as businesses that utilize these platforms. It highlights the DSA's teeth, illustrating the EU’s efforts to ensure a safer online environment and to protect consumers from financial fraud. Furthermore, this underscores the growing importance of digital regulation within the European Union and how it seeks to protect its citizens and businesses. The Commission's inquiries include questions regarding the verification processes for businesses utilizing these platforms, particularly concerning "Know Your Business Customer" policies. This initiative demonstrates a continued focus on digital accountability and ensuring companies operating within the EU's digital space adhere to its regulations.