A total of 17 orgnisations in the UK have written to the Home Secretary and the Digital Secretary, urging them to include online scams in the Online Safety Bill which would be announced in the Queen’s speech next week.
Online scams have increased manifold over the last few years and these organisations have stressed the need to protect consumers from the same. They say that it not only causes a huge financial loss to the affected people but also leads to large mental and emotional stress to them.
The organisations that have signed the letter include Which?, the Money and Mental Health Policy Institute, Carnegie UK Trust, UK Finance, the Personal Investment Management and Financial Advice Association (PIMFA), the City of London Corporation, City of London Police, The Investment Association, Association of British Insurers (ABI), MoneySavingExpert, and Age UK.
In their letter, the organisations wrote: “Online platforms play a pivotal role in enabling…