{"id":5651,"date":"2024-12-18T14:06:25","date_gmt":"2024-12-18T19:06:25","guid":{"rendered":"https:\/\/www.lindabury.com\/firm\/?p=5651"},"modified":"2024-12-18T14:06:25","modified_gmt":"2024-12-18T19:06:25","slug":"crisis-management-safeguards-to-protect-against-financial-elder-fraud-2","status":"publish","type":"post","link":"https:\/\/www.lindabury.com\/firm\/insights\/crisis-management-safeguards-to-protect-against-financial-elder-fraud-2.html","title":{"rendered":"Crisis Management: Safeguards to Protect Against Financial Elder Fraud"},"content":{"rendered":"

In an era where digital transactions are becoming increasingly prevalent, the mechanisms by which financial institutions inform customers of potential fraudulent activities are under scrutiny. Recently proposed revisions seek not only to bolster security measures but also to ensure that customers are promptly and clearly notified, thus minimizing the risk of financial loss.<\/p>\n

Possible Changes to Bank’s Notice of Suspected Fraud Under Review<\/strong><\/p>\n

On the first day of the 2024 New Jersey legislative session, Assembly Bill No. 1832 was introduced and referred to committee. If approved as enacted, A1832 would\u00a0require\u00a0financial institutions to release financial records to adult protective services if there is suspected fraud of a vulnerable adult or senior customer. It would also permit adult protective services to release these records to law enforcement, where necessary.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

In an era where digital transactions are becoming increasingly prevalent, the mechanisms by which financial institutions inform customers of potential fraudulent activities are under scrutiny. Recently proposed revisions seek not only to bolster security measures but also to ensure that customers are promptly and clearly notified, thus minimizing the risk of financial loss. Possible Changes […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[92,65,343],"tags":[],"coauthors":[177],"class_list":["post-5651","post","type-post","status-publish","format-standard","hentry","category-manzo","category-insights","category-wills-trusts-estates-insights"],"acf":[],"yoast_head":"\nCrisis Management: Safeguards to Protect Against Financial Elder Fraud — December 18, 2024 — Lindabury, McCormick, Estabrook & Cooper, P.C. Firm News & Events<\/title>\n<meta name=\"description\" content=\"In an era where digital transactions are becoming increasingly prevalent, the mechanisms by which financial institutions inform customers of potential\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lindabury.com\/firm\/insights\/crisis-management-safeguards-to-protect-against-financial-elder-fraud-2.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crisis Management: Safeguards to Protect Against Financial Elder Fraud — December 18, 2024 — Lindabury, McCormick, Estabrook & Cooper, P.C. 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