Stanford University’s Center on Longevity and the Financial Industry Regulatory Authority’s Investor Education Foundation recently launched the Research Center on the Prevention of Financial Fraud, an interdisciplinary resource for law enforcement, government and research groups studying financial frauds–from Ponzi schemes, online phishing scams to work-from-home schemes.
Designed to not only detect emerging technologies’ influence on financial fraud, the two groups say the joint initiative will support and consolidate scientific research and use it to for practical prevention and detection efforts.
“Financial fraud is a serious economic and social problem for people of all ages and our rapidly aging population places an increasing number of older adults at risk for fraud,” said Laura Carstensen, founding director of the Stanford Center on Longevity, in a statement.
“With the Center on Longevity’s dedication to preserving financial security throughout our extended life spans, and with the support of the FINRA Foundation’s ongoing commitment to protecting individuals from fraud, the new Research Center on the Prevention of Financial Fraud seeks to enhance the financial security of Americans.”