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EU Intensifies Scrutiny on U.S. Tech Giants Over Online Financial Scams
EU Intensifies Scrutiny on U.S. Tech Giants Over Online Financial Scams
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BTCCSquare news:
The European Union has escalated its pressure on major U.S. technology firms, including Apple (AAPL), Google (GOOGL), Microsoft (MSFT), and Booking.com (BKNG), demanding detailed actions to combat online financial scams. The move, under the EU's Digital Services Act, targets platforms like Apple's App Store, Google Play, and Microsoft's Bing search engine to ensure they are not exploited by fraudsters.
EU officials emphasized the need for robust measures to prevent fake banking apps and fraudulent website links from proliferating on these platforms. While the inquiry does not imply legal violations, it could lead to investigations and potential fines if compliance is lacking.
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