Social engineering scams are on the rise putting seniors at greater risk for life-altering financial calamities. Seniors experiencing social isolation and loneliness are reeled in with promises of romance to winning the lottery causing billions of dollars in financial losses and heartaches for families.* Retired financial services professional and consultant Ronald Long discusses how financial services companies can use AI to mitigate fraud and provides tips for seniors to minimize trickery.
*Source: https://www.comparitech.com/identity-theft-protection/senior-scam-statistics/
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