Key Points:

• European Union wants to assess if Apple, Google, and Microsoft are doing enough to prevent the proliferation of online scams on their platforms .
• Regulators are looking into fake app listings and search results that facilitate financial fraud .
• The European Union is formally requesting information from the three US tech companies under the Digital Services Act regarding their efforts to tackle financial fraud, alongside Booking Holdings .
• The EU is scrutinizing how Apple, Google, and Microsoft tackle online scams