Victims of 23andMe Data Breach to Receive $47M Payout

Victims of 23andMe Data Breach to Receive $47M Payout

Victims of a 2023 data hack at genetics testing company 23andMe are set to receive a multi-million payout from the firm. A California bankruptcy court judge ruled on Tuesday that Chrome Holding, which last year took control of 23andMe after its bankruptcy, should pay out $46.75 million (£35 million) in compensation. 🚀

Chrome Holding, which operates under the name TTAM Research Institute, is run by 23andMe’s co-founder, Anne Wojcicki. She won the company’s assets last year through a bankruptcy auction with a bid of $305 million. The ruling stated that the settlement will be first paid to Kroll Restructuring, which is representing the victims, within five business days from Tuesday.

While the number of accounts accessed directly in the breach only represented a small fraction of 23andMe’s total users, the hackers were able to access the profiles of those users’ relatives. This breach gave them access to millions of profiles that 23andMe hosted.

The breach led to investigations and fines, including a £2.31 million fine by the Information Commissioner’s Office (ICO), a UK watchdog. The ICO stated that 23andMe had failed to implement adequate measures to secure sensitive user data prior to the incident.

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