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Elder Fraud: 5 Ways to Protect the Ones You Love

FICO

Did you know that today is World Elder Abuse Awareness Day ? In addition to being a passionate defender in the fight against child identity fraud , I am also an ardent supporter of elders’ financial well-being. Help your elder understand how to skeptical of unfamiliar callers who do get through.

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Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Startups are now eyeing opportunities to develop fintech services aimed at helping older individuals improve their financial well-being, from estate planning to fraud prevention, aiming to provide this potentially lucrative — and increasingly tech savvy — demographic with more power over their finances. Source: Deloitte.

FinTech 73
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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

PYMNTS

That’s thanks not only to personal experiences with their own or other people’s grandparents, but to financial institution training programs aimed at fraud prevention. But bank employees are learning to recognize when their customers are in danger of falling for the scam.

Scams 74