Stacey Wood, Molly Mason Jones Chair in Psychology, gave an interview for WalletHub about ways to prevent elder abuse. There should be more legal protections in place to protect vulnerable elderly people from financial abuse and neglect, she argues. “We need structural changes. A recent study by McAfee is showing that fraud exposure and engagement is incredibly high. I would like to see banks do a better job of reporting and stopping suspicious transactions particularly involving older adults.”