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.”

Smith responded that after the breach, Equifax is offering victims free fraud protection tools and other services.

Warren said that may be true, but once the free periods expire, many consumers will probably choose to start paying for the services. She said there are several ways Equifax is poised to make “millions of dollars off its own screw up.”

Smith was facing his second of four congressional hearings this week on a breach that led to the theft of 145.5 million Americans personal data, including Social Security numbers and drivers’ license information.

After such a staggering intrusion, Senator John Kennedy expressed surprise that Equifax is getting new business, including from the federal government. The Louisiana Republican noted a Tuesday Politico report that said Equifax had just received a $7.25 million contract with the IRS to verify taxpayer identities and help with fraud prevention.

That’s like giving “Lindsay Lohan the keys to the minibar,” Kennedy quipped.

Smith said to his knowledge the IRS deal was a renewal of existing work Equifax does for the agency, and not a no-bid contract.