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Credit Cards -
OFT launches new scam-busting campaign - 05/02/2008
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The Office of Fair Trading (OFT) has launched its 'Scamnesty' campaign today, aimed at helping consumers to fight back against financial scams from fraudsters.
Attempts at scams often come in the form of unsolicited emails purportedly from legitimate financial firms, which try to trick recipients into handing over personal and gold credit card details.
According to figures from the OFT, scams cost the UK an estimated £3.5 billion each year - and that just five per cent of victims report the fraud.
The campaign will see members of the public encouraged to collect malicious emails of this kind and to drop them into special Scamnesty boxes in public areas.
Mike Haley, OFT director of consumer protection, said: "We want to empower the public to help beat the scammers by participating in the Scamnesty campaign.
"Any scam mailings that are dropped in the bins could be vital in gathering intelligence on the latest scams and in stopping the worst offenders from continuing to bring misery to thousands of vulnerable people each year."
Scamnesty is launched in conjunction with 50 regional Trading Standards Services nationwide
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