Elder Financial Exploitation
Last Updated 07/2026
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27 min! Run Time
27 min! Run Time
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What you'll learn
Elder Financial Exploitation: The Basics
Elder Financial Exploitation: How Financial Institutions Can Help
Elder Financial Exploitation: California Law
Skills covered in this course
Description
Elder financial exploitation is the most prevalent form of elder abuse, draining older adults of more than 27 billion dollars every year.
What this course covers:
- What elder financial exploitation, or EFE, is
- Common examples of financial exploitation
- Why the elderly are frequently targeted
- Who typically commits this form of abuse
For financial institution staff and caregivers who want to recognize and prevent elder financial abuse.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Making the Workplace Safer and Smarter
HSI (Health & Safety Institute) is a recognized leader in Environmental, Health and Safety (EHS) and workforce development software, training, and compliance solutions.
HSI is your single-source partner for EHS, Compliance, and Professional Development solutions. HSI provides integrated e-learning content, training solutions, and cloud-based software designed to enable your business to improve safety, operations, and employee development. Across all industries, we help safety and technical managers, human resources, first responders, and operational leaders train and develop their workforce, keep workers safe, and meet regulatory and operational compliance requirements. We are a unique partner that offers a suite of cloud-based software solutions including learning management, safety management, chemical SDS management, and more, integrated with our content and training so businesses can not only monitor and manage multiple workflows in one system, but train employees via one partner.
Elder Financial Exploitation
Elder Financial Exploitation: The Basics
Elder financial exploitation, or EFE, is a fast-growing and despicable form of abuse of seniors. It's also the most prevalent form of elder abuse. In general, elder financial abuse is any fraudulent act that uses the resources of an older individual for personal benefit, or an action that deprives an older individual of their belongings. Older adults lose more than $27.4 billion every year to scams, fraud, and exploitation. In this course, we'll discuss some examples of elder financial exploitation, go over why the elderly are targeted, and who they're typically targeted by.
Elder Financial Exploitation: How Financial Institutions Can Help
Elder financial exploitation has been called the crime of the 21st century, and intervening, when possible, is critical. In this course, we'll focus specifically on what financial institutions can do to combat elder financial abuse. We'll discuss the red flags of financial abuse and go over some best practices to prevent abuse. We'll also talk about the laws surrounding elder financial abuse and the responsibilities of financial institutions in preventing and responding to it.
Elder Financial Exploitation: California Law
With the largest elderly population of nearly four million, California also leads the nation with the largest loss of assets due to elder financial abuse. Because of this, the State of California became one of the first states to enact a comprehensive law providing civil remedies for elderly victims of abuse. In this course, we'll discuss the Elder Abuse and Dependent Adult Civil Protection Act.
Frequently Asked Questions
The course cites more than 27 billion dollars drained from older adults every year, making it the most prevalent form of elder abuse.
It covers common examples of financial exploitation so learners can recognize the pattern in real situations.
The course explains why the elderly are frequently targeted, addressing the vulnerabilities that make them a common target.
The course covers who typically commits this form of abuse, often someone close to the victim rather than a stranger.
Financial institution staff and caregivers who want to recognize and prevent elder financial abuse.
This course is designed for employees who need to complete Elder Financial Exploitation training
Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.
The course takes approximately 27 minutes to complete and can be paused and resumed at any time.
Yes. Learners receive a downloadable certificate upon successful completion, which can be used for compliance records and audits.
Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.
Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).
Yes. The course is fully self-paced and available 24/7.
Yes. This course includes a knowledge check to reinforce learning and verify completion.
Learners have lifetime access from the date of purchase.
Yes. A preview is available so you can review the course format and content before purchasing.
Yes. Content is reviewed and updated as regulations and best practices change.
Yes. This course is available for free with an active Prime Subscription.
Yes. Refund requests can be submitted within 30 days of purchase.
