2025-03-25 10:30:12
Privacy

Concerns Rise Over 23andMe's Bankruptcy and Data Privacy

The recent bankruptcy filing of 23andMe has sent shockwaves through its user base, raising significant concerns about the future of personal genetic data. With CEO Anne Wojcicki resigning, the company is navigating a complex sale process while assuring users that privacy protections remain intact.

However, a substantial data breach in October 2023, which affected nearly 7 million customers, has left many feeling uneasy. Experts now recommend that users consider deleting their accounts to safeguard their sensitive information.

As 23andMe prepares to auction off its assets, including genetic data, the prospect of this valuable information falling into the wrong hands looms large. California's Attorney General has echoed these concerns, urging residents to take proactive steps in protecting their data.

The uncertain future of 23andMe highlights the pressing need for stronger protections around consumer data, particularly in the realm of genetic information.

Yahoo News
24. März 2025 um 15:47

23andMe Files for Bankruptcy as CEO Anne Wojcicki Resigns — What Will Happen to Your DNA Data?

23andMe has filed for bankruptcy and its CEO Anne Wojcicki is resigning, leaving users concerned about the future of their DNA data. The company will continue to operate during the sale process, and Wojcicki's resignation allows her to pursue a potential acquisition as an independent bidder. 23andMe experienced a security breach in October 2023, impacting nearly 7 million customers, but assures that customer privacy protections remain in place.
The Street
26. März 2025 um 15:45

Major healthcare company files for Chapter 11 bankruptcy TheStreet Daily Newsletter

23andMe filed for Chapter 11 bankruptcy in October 2023 amid significant financial struggles, including a 12% revenue decline and a severe data breach affecting nearly 7 million users. The breach led to multiple class action lawsuits and a $30 million settlement, alongside a three-year enrollment in a privacy monitoring program for affected customers. Co-founder and CEO Anne Wojcicki resigned, while Joseph Selsavage has taken over as interim CEO. The company has secured a $35 million commitment..
Yahoo News
25. März 2025 um 00:16

23andMe bankruptcy is "privacy nightmare," consumer advocate warns

Since 23andMe was founded nearly 20 years ago, 15 million people have mailed their saliva and about $100 to the biotechnology company. In return, they've gotten back their genetic heritage, health reports and surprise connections with long-lost family. Now bankrupt, the company will likely be sold, leading to concern its trove of data could end up in the wrong hands. Nancy Chen reports.Since 23andMe was founded nearly 20 years ago, 15 million people have mailed their saliva and about $100 to the..
Companies - South China Morning Post
25. März 2025 um 01:48

23andMe’s bankruptcy puts 15 million users’ DNA data on auction block

23andMe's bankruptcy has raised concerns for its 15 million users, as the company plans to auction its assets, including genetic data, on May 14. This situation highlights the complexities of customer data as a valuable asset in corporate restructuring. Users are apprehensive about their personal information following a 2023 data breach affecting 7 million customers. Although 23andMe assures that the bankruptcy does not alter data protection measures, the potential sale of genetic information..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!