D4t4 Solutions Plc (AIM:D4T4)
— Serpil Hall, Head of Financial Crime and Fraud
SUNBURY-ON-THAMES, U.K. & CARY, N.C., June 15, 2022 /EINPresswire.com/ — Today marks World Elder Abuse Day, the day to educate and raise awareness about crimes against the elderly, including fraud. At Celebrus, we learn about these cases firsthand and are committed to fighting all types of fraud. In some cases, financial institutions may be the elderly’s only line of defense in detecting unusual transactions and stopping fraudulent ones.
74% increase in elder crime from 2020 to 2021 (FBI 2021 Elder Fraud Report)
Seniors’ self-reported loss $1.7 billion dollars in 2021 (FBI 2021 Elder Fraud Report)
Seniors least likely to report a financial crime (FTC 2021 Annual Report to Congress)
D4t4 Solutions’ Celebrus Fraud Data Platform (FDP) compiles rudimentary identity profiles of individuals based on personal identifiable information (PII) such as age, income, geography, and spending habits. The technology goes further, monitoring profiles for changes, coupling this information with advanced behavioral biometric data to detect fraudulent activities like hesitation or nervousness in the customer to complete a transaction. Armed with that information, a financial institution can pause and…
