February is Office of Fair Trading scam-awareness month.
The OFT calculates around 49% of those scammed have lost more than £50 in total, with 5% losing more than £5000.
Email is now the most common scam approach – 73% of adults have received a scam email in the past year. This is followed by scams via a letter (21%) and text message (12%). Social media sites appear to be emerging as a new route for scammers with 9% of adults having received an approach this way.