The genetic test business 23andme does a bankruptcy and is looking for a new buyer.
The company announced the move after losing millions of dollars over the past few quarters. But now experts warn that the genetic data of users may be at risk.
Here is what you need to know about how to protect your 23andme data:
Which can mean the sale of 23andme for your data
US officials warn 23andme users to remove their data as soon as possible after announcing the bankruptcy.
“I remind Californians to consider calling on their rights and ordering 23andme to remove their data and destroy any samples of genetic material held by the company,” California attorney Rob Bonta said on Friday.
23andme said in a statement that there were “no changes” to their data storage or protection. The company also said that any buyer of its assets should fulfill appropriate privacy laws for customer data.
“Our users’ privacy and data are important considerations in any transaction, and we remain committed to the privacy of our users and to be transparent with our clients about how their data is managed,” the company said in an open letter to customers.
But once selling full users’ genetic information in unexpected ways can be used by someone else, can The Washington Post Reports. 23andme’s privacy policy even states that you can sell or transfer personal information in case of a sale.
“If we are involved in a bankruptcy, merger, acquisition, reorganization or sale of assets, you can obtain personal information, sell or be transferred as part of the transaction,” the policy reads.
Ginny Fahs told consumer reports The Washington Post Users have “ready to be concerned” their data can seize.
“The DNA data can be used to distinguish your family members and ancestors, discover family secrets and reveal clues about diseases that you are or can be prone to,” Fahs said. “If the data makes its way to certain insurers, they can deny your coverage or ask you more for life, disability or long-term care insurance because of your genetics.”
“These are some of the most precious data that exists about you,” she added.
Why do 23ands serve for bankruptcy?
23andme has started voluntary chapter 11 proceedings in the US – which means it intends to reorganize its debt and assets to have a new beginning while staying in the business world. The company is now looking for a buyer.
The move comes in the wake of a data hack and heavy financial losses.
The DNA test business also announced the immediate resignation of Anne Wojcicki, its co-founder and CEO.
Wojcicki said she was “disappointed” about the bankruptcy plan, but that she resigned, so that she could “be in the best position to follow the company as an independent bidder.”
How to remove your 23andme data
To remove your 23andme account, log in to your account first. Then go to your profile and press the “Settings” button.
Scroll down to the “23ands data” section and click on “View.” Browse from there to “delete data” and choose “permanently delete data.”
The company will then send you ‘Ne post to you asking you to confirm the removal request.
Additional reporting by father.
