Vastly underreported, elder financial abuse is estimated to impact 1 in 10 elderly Americans each year.[1] Financial institutions face increased responsibility to help combat the exploitation of vulnerable customers.
With early detection and timely reporting to law enforcement, financial institutions can play a critical role in protecting elderly customers from financial loss. Join us live, as we discuss the scale of elder financial abuse.
In these slides from our webinar, you will learn:
- The scale of elder financial abuse and the challenges financial institutions face preventing fraud from targeting senior customers.
- What scams criminals use to target elderly customers.
- Red Flag Indicators of elder financial exploitation.
- Best practices for reporting elder fraud, including Suspicious Activity Reporting, and contacting appropriate local and state-level agencies.
[1]Source: Nasdaq, 2024 Global Financial Crime Report at https://www.nasdaq.com/global-financial-crime-report
