#1 out of 575.00%
technology2h ago
Google, Meta, TikTok face EU complaints over financial scam protections
- EU regulators are urged to investigate Google, Meta, and TikTok over alleged failure to remove fraudulent financial scam ads.
- BEUC says 900 flagged ads violated EU laws, but only 27% were removed by platforms.
- Complaints were submitted under the EU's Digital Services Act, with potential fines for violations.
- Google says it blocks over 99% of violating ads before they run and removed 159 million scam ads last year.
- Meta emphasizes combating scams and notes it earned millions from scam ads previously cited in reports.
- The Digital Services Act aims to increase transparency and consumer protections for online platforms.
- EU has launched multiple inquiries into large tech firms, including antitrust probes and child safety audits.
- BEUC and member groups allege that scams are rising across major platforms.
- YouTube and TikTok are among platforms implicated in scam ad proliferation and policy debates.
- Regulators could impose penalties if platforms fail to comply with the Digital Services Act.
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