Image Credit: European UnionThe European Union is preparing to look into whether Apple and other major tech companies are doing enough to prevent online financial fraud. Online fraud is a major problem for consumers, and one that the EU thinks big tech companies should do more to stop. Regulators across Europe will be sending requests to companies, including Apple, Google, and Microsoft, as well as Booking Holdings, about fraud prevention. Virkkunen insists that the losses from online fraud exceed 4 billion euros ($4.72 billion) annually across Europe. Apple has also previously discussed its App Store fraud prevention in the past.