U.S. Senator Elizabeth Warren said one of the biggest injustices of the Equifax Inc. hack is that the company might actually benefit from the fact that a majority of Americans' personal data is now in the hands of criminals.
"Equifax will be just fine," Warren told former Equifax Chief Executive Officer Richard Smith at a Senate Banking Committee hearing Wednesday. "Heck, it could actually come out ahead."
Warren, one of the finance industry's most relentless critics, noted that the company advertises fraud-protection services and profits from selling consumer-data that it promises to keep safe. On Equifax and its competitors, the Massachusetts Democrat said she wants the "entire industry to be transformed."
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