Fraud is a serious and persistent issue across the financial services sector and no one is immune from those who wish to part us from our money. The incentives (and rewards) for bad actors are too compelling and they follow customers across all of their financial journeys, from the doorstep to the branch to ATMS
Wednesday 20 February 2019 by team
According to AARP, one in five older Americans are victims of financial exploitation each year, losing up to US $120,000 per episode, which is the amount a typical 50-plus household has in retirement savings. To make matters worse, many don’t believe they will become vulnerable, and perpetrators could be strangers, family members, or close friends.