Summary: The genetic testing company 23andMe has initiated Chapter 11 bankruptcy proceedings, which alarmed regulators and privacy advocates who are urging customers to delete their genetic data. Following the bankruptcy announcement, CEO Anne Wojcicki resigned, while the company’s significant data breach earlier in October 2023 raised concerns over the safety of customer information. With plans to reorganize under bankruptcy protection, 23andMe’s future is uncertain, especially regarding the handling of sensitive genetic data by potential buyers.
Affected: 23andMe
Keypoints :
- 23andMe is entering Chapter 11 bankruptcy aimed at restructuring and plans to put itself up for sale.
- CEO Anne Wojcicki has resigned, and the company faces ongoing scrutiny over customer data safety following a massive data breach.
- California’s Attorney General has advised consumers to delete their genetic data from the company due to privacy concerns.
Source: https://therecord.media/bankruptcy-proceedings-genetic-testing-company