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EverSafe’s technological approach fights off senior financial exploitation

EverSafe’s technological approach fights off senior financial exploitation

March 30, 2016

“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