23 and Me bankruptcy documents have attracted attention to genetic data privacy

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The company announced Sunday that 23AndMe, a genetic testing company known for its saliva-based ancestral kit, has filed for Chapter 11 bankruptcy protection. The company aims to facilitate the sale of the $50 million company, which faces growing financial struggles, including massive layoffs, including massive data vulnerabilities, persisting large-scale vulnerabilities, continuing cheap businesses, almost 700 million individual operations and nearly 700 million customers. The bankruptcy process, announcements raise immediate concerns about how sensitive genetic data will be processed during a potential sale. In response, California Attorney General Rob Bonta issued a consumer alert warning to customers that “the effort to sensitive consumer data has accumulated sensitive people” and reminded California businesses to request changes in their genetic and genetic data. 23andMe said in a statement: “Store, manage or protect customer data. Just last month, 23AndMe agreed to pay $30 million and provide three years of credit monitoring to resolve lawsuits for data breaches in 2023. CFO Joe Selsavage will replace her temporarily. 23andMe has received a $35 million debt financing commitment to maintain the business while seeking buyers. The company lists its assets and liabilities between $100 million and $500 million. The company's stock is worth nearly $6 billion, and its stock plummeted, estimated at $0.89, down more than 50%. For example, like loading: Discover more from Baller AlertScribe to send the latest post to your email.

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