Hi Karen, thanks for taking the time to speak to us. Can you introduce yourself to our readers and explain what it is you do.
I’m Karen Webber from FraudFindr.com, a tool that makes it easier to identify and solve financial exploitation cases.
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Thank you. Our own research alongside conversations with others continually uncover how significant a problem financial exploitation is globally. How does FraudFindr work?
FraudFindr.com is a comprehensive, cloud-based forensic software built by forensic accountants for use by anyone - regardless of accounting education or or experience - to investigate financial exploitation cases. Users can upload financial data in one of three ways – scanning hard copy bank account and credit card statements into the software, importing an electronic data file, or linking directly to a victim’s bank account through online banking. Transactions from checking, savings, and credit card account records are aggregated in an easy-to-read summary of activity.
Our detailed intake wizards prompt users to answer detailed questions about the victim, the suspect, and their relationship that not only guide their investigations but also inform the proprietary algorithms that are FraudFindr’s real competitive advantage.
FraudFindr alerts the user to suspicious activity it finds - from individual transactions to changing patterns over time, as well as any missing data that may be necessary to complete an accurate accounting. Users can drag and drop automated findings into a report template structured in a court-recognized format that summarizes the records collected, totals the amounts taken by the suspected perpetrator, and allows for the user to add their own notes as needed. Simply hit print, and a clear, concise report is ready to take to any intervening party – including the older adult themselves – so that appropriate decisions can be made to protect their dignity and restore justice.
FraudFindr sounds like a fantastic tool with a brilliant range of functions. Can you tell us a little more about your background and how FraudFindr became a reality?
I’ve been a forensic accountant in this space for nearly 15 years and have investigated over 1,000 cases. The volume of case referrals was increasing, and the pipeline of forensic accountants – not to mention available funding for them – is limited. The only solution was technology to automate our investigative process, so that’s what we built.
FraudFindr participated in the United States National Institute on Aging Diversity Challenge Accelerator in 2022, and was selected to join the AARP AgeTech Collaborative in 2023.
It’s great to see you’re getting exposure that will help you raise awareness of this issue. Who is FraudFindr available to?
It’s commercially available in the United States and is in use by Adult Protective Services and law enforcement.
Thank you for your time and for informing us about the great work you’re doing. We look forward to seeing you at Longevitech!
Learn more about FraudFindr at https://fraudfindr.com/.
Longevitech TLV 2023 takes place across 13th – 14th February.