🧬🔒⚖️💸 23andMe Bankruptcy Deal Installs Data Watchdog to Protect Genetic Privacy Amid Sale Talks
🔹 Summary:
Genetic testing firm 23andMe will allow a court-appointed ombudsman to oversee customer data protection during its bankruptcy, resolving a dispute with U.S. states concerned about privacy risks.
The ombudsman will review all data practices and potential sales to ensure the genetic information of 15 million customers is not compromised during restructuring.
🔹 Key Points:
• A consumer protection ombudsman will monitor 23andMe's handling of genetic data during bankruptcy.
• Over 25 U.S. states argued the company’s original data oversight plan lacked independence and transparency.
• The ombudsman will evaluate any business or data sale and report potential risks to the court.
• 23andMe filed for bankruptcy after a major data breach and declining demand for genetic testing kits.
• A prior $30M data breach settlement may now be in jeopardy, with court review pending.
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