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Effective July 1, 2024, Connecticut is taking proactive steps against Financial Elder Abuse. In August 2023, Governor Ned Lamont signed into law Public Act 23-161, an act that encourages financial institutions to be watchful in identifying financial elder abuse cases. It permits banks and credit unions to suspend or hold transactions on an account for...

A scam can occur in many different forms. Whether it’s a romance, apartment/vacation rental, utility, family emergency or prize scam, fraudsters are out to get your money, and they act fast. Scammers are inclined to use wire transfers because they are finalized quickly, and it is difficult for the victim to get their money back...

2023 marked the first-time fraud losses amounted to $10 billion nationwide, a 14% increase over 2022. The top avenues of loss were investment scams, imposter scams, cryptocurrency, and bank transfers. It was reported that email was the top method to reach potential victims. In an environment that’s constantly changing, it’s important to employ empathy to...