Equifax CEO Richard Smith Gets Grilled by Warren

There is a major issue in the way corporations are allowed to do business after a serious breach in security. Equifax positioned themselves to give “free credit monitoring” to those affected by their data breach, but for only one year.

Senator Elizabeth Warren pointed out in questioning that if just one million of the seven million people who registered for the free credit monitoring stayed on for just one more year, Equifax would earn over $200 million. LifeLock has seen its paid monitoring soar by 10x since the Equifax breach.

And who does LifeLock purchase their credit monitoring services through?

Equifax.

You can’t make this stuff up.