23andMe Under Siege: Hacker Reportedly Steals Millions Of Profiles In Genetic Data Heist
Portfolio Pulse from Nabaparna Bhattacharya
A hacker claims to have stolen personal genetic data from millions of 23andMe Holding Co. (NASDAQ:ME) customer accounts, sparking concerns over privacy and security. The company confirmed unauthorized access to individual accounts enrolled in the DNA Relative feature. As the investigation continues, stocks related to cybersecurity and data privacy, such as CyberArk Software Ltd. (NASDAQ:CYBR) and Proofpoint, Inc. (NASDAQ:PFPT) could experience volatility.
October 07, 2023 | 7:07 pm
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NEUTRAL IMPACT
As the investigation into the 23andMe data breach continues, CyberArk Software's stock could experience volatility.
The ongoing investigation into the data breach could lead to increased demand for cybersecurity solutions, potentially impacting CyberArk Software's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Proofpoint, Inc.'s stock could experience volatility as the investigation into the 23andMe data breach continues.
The ongoing investigation into the data breach could lead to increased demand for data privacy solutions, potentially impacting Proofpoint's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
23andMe confirmed unauthorized access to customer accounts, which could negatively impact the company's reputation and stock price.
The data breach could lead to a loss of customer trust and potential legal issues, which could negatively impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100