Snapchat CEO Discusses Data Leak

Spiegel says he has no regrets, but security update on way

Snapchat CEO Evan Spiegel has finally addressed a New Year's hack that exposed millions of users' personal data.

The embarrassing breach followed warnings from an Internet security syndicate GibsonSec, which found flaws in Snapchat's software. 

The flaw allowed anyone to abuse the app's 'find friends' function. With a database of millions of phone numbers, an intrepid hacker could match numbers that were attached to Snapchat accounts, and compile a database of usernames and phone numbers.

GibsonSec warned Los Angeles-based Snapchat of the vulnerability in August and posted it publicly over Christmas after never hearing from the company.

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