The European Union has asked Apple, Google and Microsoft to explain how they police online financial scams, stepping up enforcement of the Digital Services Act (DSA), as first reported by the Financial Times . Additionally, they will be taking a close look at fake search results in Google search and Microsoft's Bing. Speaking with the Financial Times, EU tech chief Henna Virkkunen said criminal activity is increasingly moving online and platforms must do more to detect and prevent illegal content. Virkkunen said that financial losses from online fraud exceed €4 billion a year (around $4.7 billion) across the EU, and that the rise of AI has made detecting these scams more difficult. The DMA is a set of rules governing online platforms that was adopted alongside the DSA in 2022.