First Southern State Bank and the Independent Community Bankers of America (ICBA) are providing tips for preventing the disturbing trend of elder financial abuse.

Older Americans lose roughly $3 billion to a growing number of scams each year, according to the United States Senate Special Committee on Aging. But only one in 44 cases get reported, according to the Nation Adult Protective Services Association, putting the true cost as high as $35.5 billion annually.

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