About Aon Securities Inc. ASI is a registered broker-dealer focused on securities and other financial products of interest to insurance companies, including catastrophe bonds, contingent capital, sidecars, collateralized reinsurance, industry loss warranties, and derivative products. ASI offers services such as underwriting and placement of new debt and equity issues, financial and strategic advisory services, and a leading secondary trading desk. In addition, in conjunction with its affiliates, ASI provides distinctive analytics, modeling, rating agency advisory, and other consultative services.
By the s, Retail Credit Company was one of the nation's largest credit bureaus, holding files on millions of American and Canadian citizens. Even though the company continued to do credit reporting, the majority of their business was making reports to insurance companies when people applied for new insurance policies including life, auto, fire and medical insurance.
All of the major insurance companies used RCC to get information on health, habits, morals, use of vehicles and finances. They also investigated insurance claims and made employment reports when people were seeking new jobs. Most of the credit work was then being done by a subsidiary, Retailers Commercial Agency.
Retail Credit Company's extensive information holdings, and its willingness to sell them to anyone, attracted criticism of the aurora underwriting services inc in the s and s. These included that it collected " Congress held hearings in These led to the enactment of the Fair Credit Reporting Act in the same year which gave consumers rights regarding information stored about them in corporate databanks.
It is alleged that the hearings prompted the Retail Credit Company to change its name to Equifax in to improve its image.
The insurance reporting was phased out. The company also had a division selling specialist credit information to the insurance industry but spun off this service, including the Comprehensive Loss Underwriting Exchange CLUE database as ChoicePoint in The company formerly offered digital aurora underwriting services inc services, which it sold to GeoTrust in September In the same year, Equifax spun off its payment services division, forming the publicly listed company Certegywhich subsequently acquired Fidelity National Information Services in Certegy effectively became a subsidiary of Fidelity National Financial as a result of this reverse acquisition merger See Certegy and Fidelity National Information Services for further information.
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In OctoberEquifax acquired Anakam, an identity verification software company. Louis -based business unit of Equifax, and will remain in Charleston. Equifax sells businesses credit reports, analytics, demographic data, and software.
Credit reports provide detailed information on the personal credit and payment history of individuals, indicating how they have honored financial obligations such as paying bills or repaying a loan.
Credit grantors use this information to decide what sort of products or services to offer their customers, and on what terms. Equifax collects and provides data through the National Consumer Telecom and Utilities Exchange NCTUEan exchange of non-credit data including consumer payment history on telecommunications and utility accounts.
Equifax and other credit monitoring agencies are required by law to provide US residents with one free credit file disclosure every 12 months; the Annualcreditreport. InEquifax partnered with CreditMantria credit facilitator based in Chennai, to offer free credit score and loan reports to its customers.
The researcher requested anonymity out of professional concerns. In total, the researcher downloaded the data of hundreds of thousands of Americans in order to show Equifax the vulnerabilities within its systems. They said they could have downloaded the data of all of Equifax's customers in 10 minutes: Additionally, the security researchers said they were able to gain shell access on Equifax's servers and discovered and reported to Equifax additional vulnerabilities.
According to the reporting, despite receiving this warning from the security researcher, the affected portal was not closed until six months later in June, well after the March and May—July breaches had begun.
March security breach[ edit ] On September 18,Bloomberg News reported that Equifax had been the victim of a "major breach of its computer systems" in Marchand that in early March it had begun "notifying a small number of outsiders and banking customers" about this attack.
The same cybersecurity firm was hired following the May—July breach. By providing full names, Social Security numbersbirth dates, addresses, and, in some cases, driver license numbers, it provided most of the information banks, insurance companies, and other businesses use to confirm consumers are who they claim to be.
Ars Technica On September 7,Equifax announced a cybercrime identity theft event potentially impacting approximately Smith and a subsequent report by Equifax. Credit card numbers for approximatelyU.
The statement, however, did not specify precisely when government authorities "all U. State Attorneys General" and "other federal regulators" were notified of the breach, although it did assert "the company continues to work closely with the FBI in its investigation".
The statement further commented on issues related to criticism regarding its initial response to the incident. The company also announced the immediate departures and replacements of its Chief Information Officer and Chief Security Officer.
This brought the total number of potentially impacted Americans to However, in November,Mick MulvaneyPresident Donald Trump's budget chief, who was appointed by Trump to replace Cordray, was reported by Reuters to have "pulled back" on the probe, along with shelving Cordray's plans for on-the-ground tests of how Equifax protects data.
Mick Mulvaney shoots another middle finger at consumers.Aurora Capital, Inc. is a holding company, which through its subsidiaries, provides financing, marketing, and reconditioning/repairing pre-owned automobiles, sport utility vehicles, and light.
Aurora's wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical cannabis pursuant to Health Canada's Access to Cannabis for Medical Purposes Regulations.
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Aurora Capital, Inc. is a holding company, which through its subsidiaries, provides financing, marketing, and reconditioning/repairing pre-owned automobiles, sport utility vehicles, and light.