23andMe’s DNA Drama: From Data Breach Debacle to TTAM Takeover Triumph
23andMe hit with £2.3M fine after exposing genetic data of millions. Following a colossal data breach, the beleaguered genetics biz is set for acquisition by TTAM Research Institute, founded by former CEO Anne Wojcicki. Despite all the DNA drama, TTAM promises to safeguard data, while 23andMe’s genes weren’t strong enough to avoid Chapter 11!
Hot Take:
Looks like 23andMe’s DNA just got spliced with a big helping of bankruptcy blues and a side of data breach drama. But never fear, TTAM Research Institute is here to rescue our genetic secrets with the power of science (and a dash of legal obligation)!
Key Points:
- TTAM Research Institute, founded by 23andMe’s former CEO, plans to acquire the company post-bankruptcy.
- The 2023 data breach compromised 14,000 accounts, indirectly affecting 7 million users.
- 23andMe was fined £2.31 million by the UK’s ICO due to inadequate security measures.
- A class-action lawsuit related to the breach was settled for $30 million.
- TTAM promises to adhere to privacy policies and continue genetic research.
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