Eversafe Highlighted in ABC 7 Report on Financial Habits as an Indicator of Alzheimer's

WASHINGTON — Your financial habits may be just as important as a brain scan when it comes to diagnosing Alzheimer’s and other forms of dementia, according to a report by ABC7 Washington. The recent article and video, titled “Financial habits maybe as important as a brain scan to identify Alzheimer's,” includes a highlight of NJCUL Services Corporation Business Partner Eversafe, a groundbreaking technology service that protects the finances of seniors and families with enhanced fraud and identity theft monitoring across accounts, credit cards, and credit reports.

Howard Tischler and his business partner, former Manhattan Assistant District Attorney Liz Loewy created software, now being used by major financial institutions, to track and alert customers and their trusted advocate to subtle financial changes in behavior.

"I saw how many cases fell through the cracks and I just thought so much more could be done in the way of monitoring,” Loewy told ABC7. 

After three decades as a prosecutor, often overseeing as many as 800 cases of elder fraud and abuse a year, Loewy decided she wanted to help protect the assets of the aging, before cognitive decline made them vulnerable to scammers and bad decisions.

“We alert for things that I saw happen on my cases like the opening of a new account which might be an unauthorized account, or for a missing deposit, like a social security check,” said Loewy.

Alerts that could have prevented co-founder Howard Tischler's mother from losing everything she had.

“I started EverSafe because my mother was financially exploited and she lost her lifetime of savings," said Tischler.

Tischler says neither he, nor his siblings, suspected anything was wrong with their mother until they saw her bank account and went through her bills.

She'd stopped paying her long-term care insurance to afford an expensive auto club membership.

She was legally blind and didn't own a car. 

“It's like an illness where they talk about early detection. Same thing, you want to find out about this as early as possible because a lot of it starts small and it's a downward spiral which will eventually take all of a person's money," said Tischler.