This innovative new technology holding company is red hot. Virogen (VRNI) is launching: the stock is up 70% this week on pending federal legislation (the Personal Data Privacy and Security Act) requiring US-based companies to report data breaches that threaten consumer privacy and could face stiff penalties for concealing them. There have been a glut of high-profile hack attacks on networks operated by Sony, gossip publisher Gawker Media and others exposing sensitive data for hundreds of millions of Americans. Other 2011 security breaches include Lockheed Martin and L3 Communications, and at RSA Security, the latter of which exposed confidential information compromising its popular SecurID product, which 40 million employees use to secure remote access to confidential networks. In addition, there have also been 5 large healthcare data breach cases in the second half of 2011 alone.
Virogen has the solution: it's wholly owned subsidiary, Tiger Team Technologies "T3," has developed a very unique suite of copyrighted tools to address the network and database security needs of enterprise level companies and corporations. T3's risk management offering provides an unprecedented level of security and liability protection, positioning it as the only company with a comprehensive solution to data security breaches for its clients.
When the legislation hits the stock could explode, making it a great ground floor opportunity.