They also state that financial abuse is rarely reported; only one in 44 cases is brought to light by the victim or their family. Fortunately, there are a handful of companies, mostly start-ups, that have designed their products around keeping vulnerable older adults safe from financial abuse. The founder, Marci Lobel-Esrig, was a practicing attorney in 2008 when she witnessed the astounding number of older adults who were bilked by the Bernie Madoff scandal. Another company whose niche is helping older adults avoid financial abuse is EverSafe. At this year’s Computer Electronics Show in Las Vegas, the largest tech exhibition in the world, tech for older adults was one of the hottest areas.

Source: Forbes April 23, 2019 21:33 UTC