Episode Details
Back to EpisodesElder Scams: Banks as First Defense
Published 1 week, 4 days ago
Description
Elderly woman narrowly escapes $70,000 scam, highlighting banks role in combating elder fraud. Despite losing billions annually, seniors often hesitate to report. Banks are stepping up with training, legal protections, and trusted contact systems. However, new challenges like AI voice cloning require ongoing efforts to safeguard vulnerable seniors.
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