Info@NationalCyberSecurity
Info@NationalCyberSecurity

23andMe to Book Up to $2M in Cybersecurity Breach Expenses | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware


Published: Dec. 1, 2023 at 6:36 p.m. ET

By Sabela Ojea

23andMe it expects to book $1 million to $2 million in costs related to a cybersecurity breach reported in October.

The South San Francisco, Calif.-based human genetics company on Friday said the one-time expenses, related to technology consulting services and legal fees, will be included in its third-quarter earnings report.

By Sabela Ojea

23andMe it expects to book $1 million to $2 million in costs related to a cybersecurity breach reported in October.

The South San Francisco, Calif.-based human genetics company on Friday said the one-time expenses, related to technology consulting services and legal fees, will be included in its third-quarter earnings report.

23andMe said it doesn’t know whether it will have a material financial impact on its results for the fiscal year ending March 31.

In October, 23andMe said profile information of some customers had been accessed by a third party without its permission following a cybersecurity breach.

The company hired forensic experts to help with the investigation and has determined that the third party was able to access 0.1% of user accounts, and obtain ancestry and health-related information.

23andMe is in the process of providing notification to users impacted by the incident as required by applicable law.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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