Focusing on Financial Health in an Aging Society

Howard Tischler | EverSafe Founder & CEO

Liz Loewy | EverSafe General Counsel

Elder Financial Abuse by the numbers…

• 10,000 Americans turn 65 every day

• 70% of US wealth is held by boomers & seniors

• Every 67 secs, an American is afflicted with Alzheimer’s disease

= a Perfect Storm

Proprietary & Confidential, EverSafe 20162

Proprietary & Confidential, EverSafe 20163

1 out of 5 Americans over the age of 65 has been the victim of a financial scam…but only

1 in 44 is reported.

Investor Protection Trust 2010

Under the Radar: NYS Elder Abuse Prevalence Study 2011

Proprietary & Confidential, EverSafe 20164

Recognition

Fear

Guilt

Shame

Economic dependence

Fear of isolation

Cognitive challenges

Proprietary & Confidential, EverSafe 20165

Why so low?

Proprietary & Confidential, EverSafe 20166

Sample Cases

Proprietary & Confidential, EverSafe 20167

Lily Buchwald

Brooke Astor

Anthony Marshall

Proprietary & Confidential, EverSafe 20168

Huguette Clark

Proprietary & Confidential, EverSafe 20169

Common Scams

Telemarketing

Home Repair

Sweetheart

Grandparent

Lottery

Investment Fraud

Identity Theft

Reverse Mortgages

Phishing

POA Abuse

IRS

Microsoft…and many more

Proprietary & Confidential, EverSafe 201610

Multi-Disciplinary Teams

Civil Litigation

Criminal Court

Education (Consumers, Law Enforcement, Society)

Prevention & Innovation

How to Resolve Elder Fraud?

Proprietary & Confidential, EverSafe 201611

Financial Institutions:

Behavioral Fraud Detection(BioCatch)

Suspicious Activity Reports

Consumers:Monitoring Across Institutions w/Advocate (EverSafe)

Call Monitoring(NomoRobo) Proprietary & Confidential, EverSafe 201612

Technology Can Protect Against Elder Fraud and Identity Theft

EverSafeSetting the Standard in Financial Protection

Proprietary & Confidential, EverSafe 201613

• Analyzes financial transactions daily

• Identifies suspicious activity- Behavioral patterns establish baselines

• Alerts members & trusted advocates - Advocates serve as an “extra set of eyes”

- “Read-only” access to financial accounts

- Consolidated view of all accounts & activity

• Tracks issues to resolutionProprietary & Confidential, EverSafe 201614

EverSafe

Benefits to Residents

Protects a Lifetime of Savings

• Daily financial account & credit report monitoring

• Identity theft protection

• Convenient view of all accounts & alerts (across all institutions)

• Eases financial caregiving

• Fosters aging in place

Proprietary & Confidential, EverSafe 201615

Benefits to Senior Living Providers

• Reduces account statements arriving by postal mail

• When residents are defrauded, providers lose as well

• Enhances reputation while reducing risk & exposure to loss

• Builds communication with caregivers

• Reduces risk of financial abuse by employees

Proprietary & Confidential, EverSafe 201616

Equifax 800-525-6285

Experian 888-397-3742

TransUnion 800-680-7289

www.ncea.aoa.gov

www.napsa-now.org

www.idtheftcenter.org

http://www.consumer.ftc.gov/articles/0262-stopping-unsolicited-mail-phone-calls-and-email

http://www.consumerfinance.gov/blog/managing-someone-elses-money/

https://isapps.acxiom.com/optout/optout.aspx

https://donotcall.gov/ 1-888-382-1222

• Equifax Security FreezeP.O. Box 105788Atlanta, Georgia 30348

• Experian Security FreezeP.O. Box 9554Allen, TX 75013

• TransUnion Security FreezeP.O. Box 2000Chester, PA 19022-2000

www.EverSafe.com

Proprietary & Confidential, EverSafe 201617

Helpful Tips and Resources

“For years I suffered silently. I didn't want to tell anybody. I couldn't muster the courage, and you have to have courage," Rooney said. "I needed help and I knew I needed it…”

Proprietary & Confidential, EverSafe 201618

Mickey RooneyMarch 2, 2011 (USA Today 3/3/2011)

Questions?

Call Us!

Howard TischlerLiz Loewy

CEO General Counsel

htischler@eversafe.com eloewy@eversafe.com

888/575-3837 x-701 Proprietary & Confidential, EverSafe 201619