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EverSafe’s technological approach fights off senior financial exploitation

EverSafe’s technological approach fights off senior financial exploitation

“Howard Tischler’s mother didn’t want to burden her children, so the former accountant arranged her finances for retirement and maintained an independent lifestyle. As she aged, Tischler noticed inconsistencies in her finances — credit card charges that made no sense, for example, and bills for an auto parts service even though she had no car or driver’s license.

Tischler, a financial technology entrepreneur, didn’t let the issue go — he founded EverSafe, a Columbia, Md. firm that offers digital account monitoring to help safeguard senior citizens vulnerable to fraud and exploitation. EverSafe addresses a growing issue: the U.S. Census Bureau expects the population of people ages 65 and up to double by 2050, and cognitive decline often begins for people in their late 50’s.”

Source: Technology, Educational Efforts Fight Exploitation Of Seniors
EverSafe combats elder fraud through proactive monitoring

EverSafe combats elder fraud through proactive monitoring

“Good news on the elder fraud front, especially if you have parents in their 70s, 80s or 90s: there are now efforts underway to prevent these scams and aid victims.

Increasingly, banks, credit unions and other financial institutions are taking steps to spot potential elder fraud abuses and to take action when scammers have done their dirty work. “Most big banks now have an elder fraud initiative,” said Elizabeth Loewy, general counsel and senior VP at EverSafe, an elder fraud monitoring service that scans financial accounts and credit reports for suspicious activity and identity theft and alerts customers and their families accordingly.”

Source: The Good News About Elder Fraud
Wisconsin teen awarded Cochlear scholarship

Wisconsin teen awarded Cochlear scholarship

“The Wind Lake teenager was born with a hearing disorder called bilateral progressive sensorineural loss. She lost all the hearing in her right ear when she was 5 years old. By the time she was 10, Willa had joined the 400,000 people in 100 countries who have cochlear implants.

“Getting implants is one of the best decisions I have ever made in my life,” Willa said. “For me personally, implants changed my life.”

She attended Muskego High School and excelled in her academic studies. She graduated in 2015 and is completing her first year at Cornell in Ithaca, N.Y.”

Source: Hearing loss can’t stop Wind Lake teen from excelling
Cochlear gives scholarship to deserving student with hearing loss

Cochlear gives scholarship to deserving student with hearing loss

“A Lakota West High School graduate born with a rare neurological disorder isn't letting her condition get in the way of her dreams. Megan Zahneis has never let her disorder hold her back. Instead, she hopes her story will encourage others.

Born with moderate hearing loss, Megan eventually got Cochlear implants. First helping her to hear again, Megan says Cochlear, the company that created the implants, recently awarded her a scholarship for her academic achievements and leadership.

‘That was enough of a gift," she said. "But for them to give me money on top of that to help pursue my dreams in college, I couldn't ask for much more.’”

Source: Miami U. student thrives despite rare disorder
Protect older loved ones from money scams with tips from EverSafe

Protect older loved ones from money scams with tips from EverSafe

“Financial scammers go where the money goes. They know that older adults, with lifestyles funded by pensions and life savings, are generally wealthier than younger people. The cons also take advantage of the elderly's susceptibility to cognitive impairment and memory loss. 

‘Unfortunately, some of the biggest scams come from trusted family members,” says Elizabeth Loewy, former chief of the elder abuse unit in the Manhattan District Attorney’s Office and current general counsel at EverSafe. “Sometimes children can feel that in exchange for taking care of Mom and Dad, they can also quietly take out a bit of money.’” 

Source: Protect an Older Loved One From a Money Scam: 8 Savvy Steps to Know
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