Elder Scams Surge: Banks Fight Back
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Elder financial scams are on the rise, with Americans over sixty losing billions annually. A recent case involved a retiree targeted by a scammer posing as a police officer. The bank tellers suspicion saved her savings. Banks are now trained to spot red flags, and new laws protect them from lawsuits. However, threats evolve with AI voice cloning, pushing for more training and federal coordination to protect seniors.
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