The privacy watchdog has warned that the marketing companies have been purchasing data for elderly people who are homeowners and have landline phones.
Alongside the five companies that have been fined today the watchdog is continuing to investigate a number of other companies that it believes are operating in the same way.
"I was disgusted that my brother was being ripped off and targeted by nuisance callers. I made an appointment with his bank and, thankfully, they reimbursed the money lost. "It's really despicable to be honest, getting a call in to a person who may be elderly and may have dementia, and selling them products of dubious worth at inflated prices," he added.
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