New Delhi, Jan. 31 -- Even if you live miles away from your parents, your responsibilities don't end, especially when it comes to safeguarding their health, both physical and financial. Increasingly, adult children are stepping into the role of financial bodyguards for their parents. In a digital-first world, their money is more vulnerable than ever to fraud while unscrupulous relationship managers and salespersons lurk around every corner, pushing products that extract more value than they deliver.

These stories are no longer uncommon. Adult children, often more financially savvy and better equipped to navigate the modern financial system, are stepping in to protect their parents from digital fraud. But their role goes well beyond helpi...