Do your employees know how to spot CEO fraud?

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You probably received over the past few years an email claiming you’d won the Nigerian lottery or perhaps one from some unknown person who miraculously chose you to receive their fortune of millions of dollars because you are a good person. The emails typically have tons of misspellings, bad grammar, and always requested your bank account information so funds could be wired to you. Because there is such awareness, these types of emails are slowly fading away. Hackers are savvy and adapt quickly.   A new, rapidly growing and sophisticated threat is targeting businesses – THOUSANDS of companies have been affected in the U.S. losing over $5.3 billion since 2013. Analysts predict the trend will continue to grow vs. subside. Continue reading “Do your employees know how to spot CEO fraud?”

The Lay-a-way You Control – Our Christmas Club!

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Tis the holiday season and as we embrace the holiday spirit it’s very easy to get stressed out not only trying to find the perfect gift for everyone on your list, but also figuring out how to pay for it without blowing your budget to pieces! We’ve all heard of stores like Wal-Mart, Target, and Toys R Us who allow customers to use Lay-a-way system ( a method of purchasing by which the purchaser reserves an article with a down payment and claims it only after paying the full balance) at Litchfield Bancorp we have a Lay-A-Way for savings,  our Club Account or Christmas Club as we like to call it! Continue reading “The Lay-a-way You Control – Our Christmas Club!”