23AndMe, a genetic testing company, has filed for Chapter 11 bankruptcy protection, leading to the resignation of co-founder and CEO Anne Wojcicki. The company intends to sell most of its assets as part of a restructuring plan while continuing operations during the process. Privacy experts express concerns regarding customer data security, especially after a past breach that exposed data of nearly 7 million users. Although 23AndMe assures that customer data will remain protected, experts highlight the vulnerabilities associated with a bankruptcy and the value of genetic data. The company states it won’t share user information without consent, but privacy advocates warn about potential risks. Customers wishing to delete their data can do so via their account settings. The California Attorney General has also reminded users of their rights regarding data deletion amidst the company’s financial troubles.
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