*Result*: Banks Aren't the Only Place Where the Money Is: A Red Flag for Financial Professionals and Their Clients.
*Further Information*
*Financial exploitation is escalating at an unprecedented rate, inflicting multibillion-dollar losses on clients and institutions alike. Adults over 50 are primary targets, suffering devastating impacts on their mental, physical, and economic health due to increasingly sophisticated technological scams. This crisis also burdens financial professionals, who face lost revenue and rising costs for monitoring and prevention. In response, federal agencies and organizations are mobilizing, supported by new legislation aimed at coordinating a national defense. Financial advisors occupy a vital frontline position; their direct relationships with clients allow them to identify specific vulnerabilities. By better understanding these threats, professionals can protect client assets and organizational stability, turning their unique vantage point into a powerful tool for mutual security against evolving financial crimes. [ABSTRACT FROM AUTHOR]
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