Identity Theft happens when an individual uses personal information belonging to another individual with the intent to commit fraud. This can include but is not limited to using someone’s name, date of birth, Social Security Number, mother’s maiden name and so on to impersonate another individual and/or access bank accounts, obtain loans, make purchases, rent an apartment and so on.
One of the fastest-growing crimes in the United States is Identity Theft and it can happen to anyone even if you do not use the Internet. Experts have even said that your private mailbox and garbage are two of the easiest ways for a criminal to gather personal information.
Identity Theft is a felony, but law enforcement cannot undo the damage that a criminal can do to your credit report. That’s why it’s important to be prepared. Here are a few tips that can help you avoid becoming the victim of identity theft:
Consumers are covered under Regulation E which controls Electronic Banking products such as Online Banking, Telephone Banking, Remote Deposit Capture, ACH, Wire Transfer and ATM/Debit Card Banking. Consumers are defined as customers who are not businesses; i.e. corporations, LLCs, etc.
First Century Bank recommends that you NEVER share your personal Online Banking information, including your login and passwords.
Notify First Century Bank – If you believe you are a victim of identity theft, contact the following employees of First Century Bank for assistance: Information Security Officer, Compliance and Risk Management Officer or Security Officer at (423) 626-7261.
Notify Law Enforcement – If you feel that you have been a victim of Identity Theft, notify Law Enforcement to file a report.
For Identity Theft Recovery Steps, visit IdentityTheft.gov for more information.
If you’re a First Century Bank customer, call us immediately at (423) 626-7261 or (865) 947-5485.