Regulation GG

The UIGEA, signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act.

As defined in Regulation GG, unlawful Internet gambling means to place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.

As a customer of Columbus State Bank, these restricted transactions are prohibited from being processed through your account or any other type of banking relationship with us. If you do engage in an Internet gambling business and open a new account with us, we will ask that you provide evidence of your legal capacity to do so.

ID Theft

Identity Theft is the most popular and profitable form of consumer fraud. It occurs when someone uses your personal information such as your name, Social Security number, credit card number or other identifying information, without your permission to commit fraud or other crimes.

Common ways identity theft can happen:

 “Old Fashioned” Stealing

Thieves typically steal wallets and purses. They also steal mail such as credit card and bank statements, pre-approved credit card offers, check orders and other financial mail.

 Dumpster Diving

Thieves dig through trash looking for bills, financial or other personal information.

 Change of Address

Thieves modify or redirect your billing statements to another address by completing a “change of address” form.


Thieves may send unsolicited Emails, pretending to be a financial institution or a company, asking you to click a link to update or confirm your personal or login information. The link is directed to a “spoof” website designed to look like a legitimate site.


Thieves may use a card reader device to copy the card’s magnetic strip to duplicate without the card owner’s knowledge.

Emails from Columbus State Bank

For your protection, we will not send you an email to update or confirm your sensitive information by clicking a link or replying.

Contact us immediately at 979-732-5786 if you notice any suspicious or unusual activity related to any of your Columbus State Bank accounts.

Corporate Account Takeover (CATO)

Corporate Account Takeover is a form of corporate identity theft where cyber thieves gain control of a business’ bank account by stealing employee passwords and other valid credentials. Thieves can then access account information with the click of a button. Businesses with limited or no internal computer safeguards and disbursement controls for use with the bank’s online banking system are vulnerable to theft when cyber thieves gain access to their computer systems, typically through malicious software (malware). Malware infects a business’ computer system not just through infected documents attached to an email but also simply when an infected website is visited.

Columbus State Bank encourages all customers to keep username and password information in a secure place and to have safeguards in place to prevent thieves from hacking into your computer systems. Please make sure anti-virus software is installed on all computers and running the most current version. We ask that all customers take these appropriate actions to ensure the safety of your account information.