U.S.
Capital One, Chainalysis, Meta, Microsoft, and TIAA Join National Elder Fraud Coordination Center (NEFCC)
The companies join AARP, Amazon, Google, and Walmart in a cross-sector effort to strengthen collaboration and protect older adults from fraudWASHINGTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Today, The National Elder Fraud Coordination Center (NEFCC) is pleased to announce that industry leaders Capital One, Chainalysis, Meta, Microsoft, and TIAA have joined as new members, strengthening its mission to combat elder financial fraud. NEFCC is the first-ever national effort analyzing and assembling priv
About this update from Capital One Financial Corporation
[{"type":"text","content":"The companies join AARP, Amazon, Google, and Walmart in a cross-sector effort to strengthen collaboration and protect older adults from fraud","length":141,"tagName":"p"},{"type":"text","content":"WASHINGTON, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Today, The National Elder Fraud Coordination Center (NEFCC) is pleased to announce that industry leaders Capital One, Chainalysis, Meta, Microsoft, and TIAA have joined as new members, strengthening its mission to combat elder financial fraud. NEFCC is the first-ever national effort analyzing and assembling private and public sector data and resources into the investigative packages needed by law enforcement to investigate and prosecute criminal fraud rings targeting older Americans.","length":534,"tagName":"p"},{"type":"text","content":"According to Federal Trade Commission estimates released earlier this year, funds stolen from American households in 2023 through fraud and scam may have amounted to as much as $300,000 dollars a minute; over a third of that from older Americans.","length":246,"tagName":"p"},{"type":"text","content":"NEFCC plays a pivotal role in dismantling fraud operations by aggregating and analyzing both private and public sector data through an organized crime lens. Recently released recommendations from the Aspen Institute Financial Security Program emphasize the challenges federal law enforcement faces to identify and assemble actionable intelligence from an overwhelming volume of data.","length":383,"tagName":"p"},{"type":"text","content":"“Welcoming these innovative organizations strengthens our ability to combat elder fraud and protect vulnerable populations,” said Brady Finta, NEFCC Director. “With support from organizations like NCFTA and Morrison Foerster, we’re leveraging data and technology to dismantle sophisticated fraud networks. Continued collaboration across industries will be essential to making meaningful progress.”","length":397,"tagName":"p"},{"type":"text","content":"NEFCC’s organized-crime-informed approach enables the Center to connect cases, identify patterns, and assemble high-value investigative packages to provide much-needed support to federal law enforcement agencies in their investigations and prosecutions.","length":253,"tagName":"p"},{"type":"text","content":"“Joining the National Elder Fraud Coordination Center underscores Capital One’s ...