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23andMe to Pay $30M for Data Breach: DNA Testing Nightmare or Financial Face-Saver??
23andMe is shelling out $30 million to settle a class action lawsuit after a data breach exposed the personal info of 6.9 million customers. The genetic testing site will compensate affected users and offer three years of security monitoring.
Hot Take:
Looks like 23andMe finally figured out how to make a DNA test expensive: just add a data breach and a $30 million settlement!
Key Points:
- 23andMe to pay $30 million to settle a class action lawsuit over a data breach.
- Data breach affected over 6.9 million customers, exposing sensitive information.
- Hackers targeted the DNA Relatives feature, exploiting credential stuffing.
- Settlement includes compensation and a three-year security monitoring program for affected customers.
- Company’s cyber insurance is expected to cover $25 million of the settlement.
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