bankruptcy
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23andMe files for bankruptcy, customers advised to delete DNA data
California-based genetic testing provider 23andMe has filed for Chapter 11 bankruptcy and plans to sell its assets following years of financial struggles. 23andMe has been providing direct-to-consumer DNA testing services since November 2007 to customers who send a saliva sample and receive a report on their ancestry and genetic predispositions. Since then, 23andMe has sold over 15 million DNA testing kits.…
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23andMe files for bankruptcy as CEO steps down
DNA testing firm 23andMe has filed for Chapter 11 bankruptcy protection to help the company sell itself after years of financial difficulties. Anne Wojcicki, 23andMe’s co-founder and CEO, announced on X that she has resigned with immediate effect to become an independent bidder for the company, with chief financial and accounting officer Joe Selsavage stepping in as interim CEO. “After…
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Vodka maker Stoli files for bankruptcy in US after ransomware attack
Stoli Group’s U.S. companies have filed for bankruptcy following an August ransomware attack and Russian authorities seizing the company’s remaining distilleries in the country. As Chris Caldwell, the President and Global Chief Executive Officer of Stoli USA and Kentucky Owl, the two Stoli Group subsidiaries, said in a Friday filing, this comes after the August attack severely disrupted its IT…
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The National Public Data breach exposed nearly three billion users – now the company has filed for bankruptcy
Data broker National Public Data has filed for bankruptcy, claiming it cannot sustain the mounting financial and reputational damage associated with a major data breach it suffered in December 2023. The background-checking service filed for bankruptcy in Florida under its parent company Jerico Pictures Inc, and explicitly cited the 2023 data breach as a direct contributor to its downfall. NPD…
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