The centralised credit reporting system in the United States and the fact that three companies have the rights to store the personal data of almost every American might have made the Equifax hack predictable. To this date, this is the worst corporate data security breach in our modern history. And there are many lessons CEOs can learn from Equifax’s mistakes.

Cyber crime is the greatest threat to every company in the world. In a time when information is becoming more valuable than oil or gold, businesses are facing more than crime. It’s a cyber epidemic. Virtual data rooms have the highest grade of security that can be compared to that of banks.