Residents in the United Kingdom (15.2 million) and Canada (about 19,000) were also impacted. They said they could have downloaded the data of all of Equifax's customers in 10 minutes: "I've seen a lot of bad things, but not this bad. [36], On 2 August 2022, a week after its CEO Mark Begor was deemed "uniquely qualified to lead the Company" and was granted a $25 million bonus package by Equifax's board, the Wall Street Journal reported that Equifax had sent millions of incorrectly calculated credit scores to lenders. They started their credit investigations by going door-to-door among merchants, asking about their customers and noting the findings in ledgers. In the late 1920s Woolford befriended Franklin D. Roosevelt and was one of the founders of the . 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Cator Woolford got his start in the credit bureau business as a grocer in Chattanooga, Tennessee. To use this feature, use a newer browser. Equifax collects and also aggregates information on more than 88 million businesses and more than 880 million individuals worldwide. By the mid-1960s, nearly 300 branch offices had been opened along with almost 1,400 sub-offices, employing roughly 7,400 inspectors. Until his retirement in 1931, he successfully steered the company as general manager, president and chairman. Equifax Inc. is an American multinational consumer credit reporting agency headquartered in Atlanta, Georgia and is one of the three largest consumer credit reporting agencies, along with Experian and TransUnion (together known as the "Big Three"). THE CATOR WOOLFORD ESTATE 1815 S. Ponce de Leon, Ave, NE, Atlanta, GA 30307 Determination and Scope for Fence Permit . To make amends, Equifax announced in August 1991 that it would cease using credit information to compile lists for the purposes of direct marketing. We will review the memorials and decide if they should be merged. Beautiful, intimate, and all-inclusive. Learn more about managing a memorial . Save to an Ancestry Tree, a virtual cemetery, your clipboard for pasting or Print. Your account has been locked for 30 minutes due to too many failed sign in attempts. Founded by brothers. Gathering information by telephone, as well as simplifying forms for recording information, were two of the steps taken towards this end. cemeteries found within miles of your location will be saved to your photo volunteer list. Armed with a form showing the information that would be provided about each potential customer, the salesman pulled in a large number of new clients. [62], On October 13, 2017, the attack was revealed to have been performed by hijacking third-party analytics JavaScript from Digital River brand FireClick. An email has been sent to the person who requested the photo informing them that you have fulfilled their request, There is an open photo request for this memorial. 2017: Equifax is the victim of a massive cyber hack, which is believed to have exposed the personal, confidential information of about 145 million Americans. Woolford, the founder of the Retail Credit Company - which later became Equifax. This was one of the last parcels in Druid Hills to be purchased, ostensibly because so much of it was considered He established the Thomas Guy Woolford Charitable Trust, which is today administered by SunTrust Banks (now Truist). [77] An Equifax "spokesperson told the Post-Dispatch that Equifax blocked the Heartland account information from appearing on Haman's credit report after a reporter's inquiry. While this type of operation was inherently local, Retail Credit had become interested in activities that could be pursued on a broader scale. Becoming a Find a Grave member is fast, easy and FREE. In the late 1920s Woolford befriended Franklin D. Roosevelt and was one of the founders of the Roosevelt Warm Springs Institute. Its headquarters are located on Peachtree Street in downtown Atlanta. By 1913 Retail Credit had developed a special form for automobile insurance, to be completed by the investigator. [4] Equifax collects and aggregates information on over 800 million individual consumers and more than 88 million businesses worldwide. After a month the task had grown so large that two additional men were hired to assist the Woolfords, and one week later a woman was employed as well. Cator Woolford, John Kallassy Get Updates for Jobs and News Equifax Jobs Nearby Equifax Jobs Equifax Similar Companies Show More Find Jobs from Similar Companies Personalize your job search. As of Apr 06 -3.03 / -1.52%. The companys name was changed to Equifax in 1976, perhaps, some thought, to counter the lingering memory of the companys brushes with government regulators. To view a photo in more detail or edit captions for photos you added, click the photo to open the photo viewer. Here's What You Can Do", "Want that $125 from Equifax? [75] A federal judge reduced the award to $1.62 million in 2014. Other services offered by Equifax include selling credit monitoring to their customers as well as fraud prevention services. The company planned to handle all phases of the operation, including selection of potential customers, production of mailing brochures, handling of telephone inquiries, verification of credit applications, and property appraisal. Despite this setback, geographical expansion continued and New York premises were opened in 1907. [46] Moreover, the employee portal was reportedly not the same server targeted in the later breaches, which Motherboard speculates may suggest multiple breaches by more than one party may have occurred. Who Is The Founder Of Equifax? [47], According to Bloomberg, a person familiar with the breach believed this early-March intrusion may have been carried out by the same party that breached Equifax's computer systems again in May. Cator actually got the idea from his grocery business, where they collected customers' names and evidence of credit worthiness. During this time, Equifax also continued to spend heavily on technological developments for the purpose of keeping data-processing equipment up to date and offering new products to customers with the equipment. Nestled on 39 acres of mature hardwoods, the Cator Woolford Gardens are situated on one of the few remaining intact historic estates in Metropolitan Atlanta and are located just a few miles from the heart of downtown. 2) S.A.; Equifax Mauritius Private Limited; Equifax Payment Services, Inc.; Equifax Properties, Inc.; Equifax-Rochester, Inc.; Equifax South America, Inc.; Equifax U.K. Finance Ltd.; Equifax U.K. Finance (No. According to Bloomberg, Equifax enlisted Mandiant (owned by FireEye, Inc.) to assist in investigating the March attack. Are you sure that you want to report this flower to administrators as offensive or abusive? Equifax is a multinational American consumer credit reporting agency that is among the top three consumer credit reporting agencies. Please help update this article to reflect recent events or newly available information. (TRW's credit bureau was spun off as Experian Inc. in 1996.). I thought you might like to see a memorial for Cator Ringgold Woolford I found on Findagrave.com. (U.K.); Transax pty Ltd. (Australia); Transax S.N.C. Woolford's former estate in Druid Hills is now the site of the Frazer Center and the Cator Woolford Gardens. Finally, we can read about how these great companies came about with Company Histories.. One of the country's top credit-reporting agencies, Equifax is one of Georgia's most profitable companies. The company claims to have discovered evidence of the cybercrime event on July 29, 2017. Riley, Michael, Anita Sharpe, and Jordan Robertson, "The New Equifax Boss Wants to Make Amends. Its believed that this change was part of a means to improve its image after being found in violation of the Fair Credit Reporting Act after it was signed into law in 1971. Oops, something didn't work. "With his brother Guy, Cator Woolford started the Retail Credit Company, the precursor to Equifax. Use the links under See more to quickly search for other people with the same last name in the same cemetery, city, county, etc. After several visits to the city, the Woolfords rented an office consisting of a single room on the fifth floor of the Gould Building, at 10 Decatur Street, and had the words "Retail Credit Company" printed on the door in large black letters. Although the company sold seven subscriptions rapidly after one of Atlanta's largest department stores bought the first, by the end of Retail Credit's first year only 37 merchants and 47 grocers had signed on board. The Woolford brothers left their own legacies apart from the phenomenally successful business they started. Equifax is headed by Mark L. Feidler as the chairman of the board, Mark W. Begor, as the CEO, and John W. as the vice president as well as the CFC. learn how over 7,000 companies got started! By the end of the company's second year, the staff had expanded to eight and the volume of sales was growing steadily. The increased competition resulted in a serious slump in Retail Credit's life insurance and credit reporting activities in 1921. [citation needed] Business customers include retailers, insurance firms, healthcare providers, utilities, government agencies, as well as banks, credit unions, personal and specialty finance companies and other financial institutions. In addition to formation of a technology division, brought about by the consolidation of the company's activities in that field, Equifax also acquired Telecredit, Inc., a Los Angeles credit bureau that provided check and credit card authorization services, for $457 million in 1990. In 1923 Retail Credit spun off local consumer credit rating operations and formed a new corporation, Credit Service Exchange. By 1920, the company had offices throughout the United States and Canada. [68], The company has been fined by the Federal Trade Commission on two occasions for violating the Fair Credit Reporting Act ("FCRA"). The number grew to 258 over the next ten years. Verify and try again. All these figures have been every rising every year for the past couple of years. Best practices of the day recommended institutionalization. It has been recognized in the Top 100 list of the Worlds Most Innovative Companies by Forbes. Eventually the company's ability to retrieve information by computer from vast data banks would prove one of Retail Credit's greatest assets. As a trustee of the Fernbank Science Center in Atlanta, Woolford helped to acquire land that would become a buffer for the Fernbank Forest. Fostering inclusive communities is the heart of Frazers mission. 1899: The Woolfords moved to Atlanta with the goal of making credit reporting their new career. "[45], According to an October 2017 report from Motherboard, around December 2016, a security researcher examining Equifax's servers found that an online portal, created for Equifax employees only, was accessible to the open Internet. New Georgia Encyclopedia, last modified Aug 19, 2013. https://www.georgiaencyclopedia.org/articles/business-economy/equifax/, Reese, K. (2006). As an Equifax executive explained in Business Week, "People see the use of this information as a privacy problem if it goes beyond credit purposes." Federal judge reduced the award to $ 1.62 million in 2014,.! Newly available information last modified Aug 19, 2013. https: //www.georgiaencyclopedia.org/articles/business-economy/equifax/, Reese, K. ( )! Geographical expansion continued and new York premises were opened in 1907 the Woolford brothers left their own legacies apart the... Award to $ 1.62 million in 2014, geographical expansion continued and new York premises were opened in 1907 to. 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