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Elder fraud: Preventing elder financial exploitation at your institution

Abrigo

As the global population of individuals aged 60 and over is projected to increase by 38% between 2019 and 2030, elder abuse and elder financial exploitation (EFE) are becoming increasingly prevalent issues. The National Council on Aging estimates the annual cost of elder fraud to be closer to $36.5

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Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

The same framework should be in place to improve technology used by regulators in efforts to strengthen supervision throughout the industry, the think tank also says. The Chinese AI industry would be worth $143 Billion by 2030. The risk and safety lines with AI in China in the finance sector appear to be blurring. trade war.

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UN Rule Mandates Connected Cars Be Secured Against Cyberattacks

PYMNTS

A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported. Japan said it would begin implementing the rules next year, and South Korea plans to introduce some regulations this year.

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UK Gov’t Wants New Homes To Have Electric Car Chargers

PYMNTS

The news comes as the nation has proposed a number of EV-supportive initiatives regarding England’s building regulations. by 2040, but there has been discussions about moving that deadline up to 2030 or 2035. government wants to equip all new homes in the country with electric car charging points. As the U.K.

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How To Build A Digital ID In Layers

PYMNTS

In perhaps the most sweeping example, the member states of the United Nations have embraced, as part of “sustainable development goals,” a target to “provide legal identity for all, including birth registration,” by 2030. An ambitious goal, to be sure, and one that the U.N.

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Deep Dive: The Road To Seamless Multichannel Authentication

PYMNTS

The country’s national Aadhaar system has already issued unique 12-digit ID numbers to more than 1 billion residents since its launch in 2008, a figure that includes almost the entire Indian population. Several national ID programs have launched recently as alternatives to physical identification documents, with many incorporating biometrics.

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Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. In what's now being referred to as the "Age Wave," ten thousand baby boomers will turn 65 every day until 2030, creating a larger pool of potential victims for fraudsters and scammers. Cannabis Banking.

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