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Larry Selnick

<p>Larry has almost 40 years of banking experience including cash management systems, bank operations and product management. He joined Webster’s management team in 1995 to design, implement and deliver cash management services to commercial clients. He speaks on Cyber Security issues to clients and recently moderated a panel on Cyber Liability at Connecticut Technology Councils Cyber Awareness series. Larry currently leads a team of Consultative Sales Treasury Management professionals to review and provide recommendations on how to best utilize cash management products to improve a client’s cash flow needs.</p> <p>He serves as Chair of the New England ACH Payments (NEACH) Board of Directors and is a member of the Executive committee focusing on payments information training and regulatory awareness. He is a member of the New England Association for Financial Professionals and the National Association for Financial Professionals (AFP) and holds the Certified Treasury Professional (CTP) designation from the AFP.</p> <p>Larry is active in the community where he volunteers as a mentor in a local elementary school and is Chair emeritus of the Webster Bank Mentoring program. Larry has served on the Board of Directors of the Connecticut/Rhode island region of the American Red Cross and United Way of Connecticut 211 Call center.</p> <p>He is also a long -time volunteer at Southern CT State University starting as a volunteer in the School of Business and supporting the Essential of Treasury Management class as a guest lecturer and then investing in the class, through the SCSU Foundation, with grants to fund CTP certification exams made available to students through the Association of Financial Professionals that provides the CTP Certified Treasury Professional Program. Larry serves on the School of Business BAC - Business Advisory Council.</p> <p>Larry completed his Master of Science of Organizational Leadership at Quinnipiac University in 2016. Larry is now an Adjunct at SCSU in the School of Business as of the fall semester 2017. </p>

Larry's Blog Articles

Being business-ready for any potential disaster should be top-of-mind, every day. Business continuity is about planning the actions to take in a crisis, implementing alternative operating procedures and communicating to staff and customers. You may never have to use your plans, but they will be critical if you ever need them! [. . .]
That’s a common misperception: that cyber thieves only go after big targets, like Equifax, the Pentagon or, yes, Target. Those massive data breaches might convince you that your company can escape notice. [. . .]
The answer: Plenty, with new threats evolving all the time. Cybersecurity isn’t an IT issue. It’s a business issue. And the cost of prevention is minimal compared to the cost of recovering from a cyber fraud event. [. . .]
In 2016, 30% of fraud cases occurred in small businesses, and 60% of these didn’t recover any of... [. . .]