EU requests information from four Big Tech firms regarding online fraud risks

"The Commission has sent a request for information under the Digital Services Act four online platforms, Microsoft, Google, Apple and Booking, to monitor and request information on how they insure that their services are not misused by scammers". "It is an essential step to protect the EU users from some of these practices and to ensure that platforms in the EU also play their role". He said said a spokesperson for the EU executive. "We are not in the phase in for which we are opening a formal investigation," he clarified. On the subject, the EU Commissioner for Technological Sovereignty Henna Virkkunen told the Financial Times that the losses resulting from digital fraud are estimated at over 4 billion euros per year, with the advent of artificial intelligence that makes it increasingly difficult to intercept scams. "We see that "There is an increasing amount of criminal activity taking place online," he said. Virkkunen: "We need to make sure that online platforms really do everything possible to detect and prevent this type of illegal content". The EU authorities intend to so evaluate whether the platforms are really doing everything We do our best to identify and remove illegal content. The request for information could pave the way for formal investigations and penalties of up to 6% of global turnover of the companies involved, as foreseen by the DSA. The decision of Brussels arrives in a climate of tension with Washington, where the President Donald Trump has threatened trade retaliation against EU countries accused of 'discriminating' against Big Tech Americans.