Cramer -- Visa-FireEye Partnership Will Prompt CEOs to Take Cyber Security Seriously

NEW YORK (TheStreet) -- TheStreet's Jim Cramer said Wednesday's announcement of a partnership between Visa (V) and FireEye (FEYE) will make other companies take cyber security more seriously. 

CEO Dave DeWalt "is doing great things with FireEye" while CEO Charles Scharf "is amazing at Visa," Cramer, portfolio manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment Thursday. 

FEYE Chart
Visa V and FireEye FEYE data by YCharts

The companies said Wednesday they are joining forces to develop products and services that help merchants and card issuers detect and respond to cyber attacks. 

These two executives, DeWalt and Scharf, are brilliant and other key executives are likely to follow the lead of Scharf, who is "revered" in the corporate world, according to Cramer. Other management teams are beginning to realize that cyber security is one of the most important risks worth defending against, and this partnership could expedite the process of seeking protection. 

Palo Alto Networks (PANW) is also likely to benefit from an increasing focus on fighting cyber security, Cramer concluded.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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