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[video] Quick Take: Snapchat, Target Data Breaches Put Security in Spotlight

NEW YORK (TheStreet) -- Security and data breaches have become popular headlines in the past month or so. TheStreet's Jonathan Marino is with Scott Vernick, head of law firm Fox Rothschild, to discuss the matter in further detail. 

In December, it was revealed that Target (TGT) had its security breached, when cyber hackers stole information from 40 million credit cards users. 

More recently, millionS of Snapchat users had their phone numbers stolen when its security was also breached. 

Vernick said his firm's new app allows in-house lawyers and executives to quickly analyze a breaching situation if it happens to them, almost immediately afterwards. 

It allows them to see what might be at risk, so they're more properly able to adjust to the situation, he said. 

Regarding the recent deal of FireEye (FEYE) purchasing Mandiant for $1.17 billion, Vernick says he expects M&A activity in the space to continue. 

More and more cyber security companies will be looking to bolster what they have to offer to clients, in order to better protect against hackers.

No matter how active companies are in trying to defend against cyber hackers, it remains very difficult to keep them at bay, Vernick concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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