About Identity Theft

What is Identity Theft?

Identity theft occurs when someone acquires a piece of your personal information and uses it to commit a crime. Offenses involving identity theft are on the rise. These are the crimes most frequently reported to the Federal Trade Commission today. Fraudsters commit these crimes in person, by telephone, on the Internet, or through the mail.

As technology continues to evolve, criminals are developing new ways to exploit or defraud organizations and consumers. This includes attempting to access bank and brokerage accounts online and steal credit information or identities.

RNB State Bank and Front Range State Bank is diligent in its efforts to protect customers’ information. As part of our ongoing commitment to safeguard your privacy, we continuously review and strengthen our security program, processes, and procedures.

Some examples include:

• Requiring identification and authentication for information requests, account maintenance, and transactions conducted in person and over the phone.
• Discontinuing check verifications for third parties when account information could be compromised.
• Using ultraviolet verification equipment in our offices to detect counterfeit identification, checks, and currency.
• Posting strategic warnings online to alert our customers to recent incidents involving email and online fraud schemes.
• Actively managing a vigorous Identity Theft Prevention program to identify and respond to potential red flags of identity theft.
• Partnering with other institutions in the financial services industry to adopt best practices for fraud prevention.