Just three years ago, DNA testing company 23andMe was the golden child of Wall Street and Main Street. Today, the company is struggling to remain listed on the Nasdaq.
No, they’ve been heading south for years. I would have loved for it to be a drop in response to the data breach, but this was just a company that was run incompetently.
Credential stuffing is a well understood part of the threat landscape that 23 and me negligently failed to account for, allowing hackers to access 7 million people’s info after hacking only 14 thousand users.
No, they opted to share varying degrees of information with authorized users and close genetic matches, and 23andMe failed to protect them from a large scale takeover of accounts that made public the kind of information the company had promised to keep private to semi-private.
14,000 accounts compromise by the same entity. That’s absolutely the fault of the platform, not the users.
It’s not the responsibility of your grandma who’s researching family history to be aware of potential data security threats. It’s the responsibility of the multimillion dollar online company with massive, valuable data troves to not offer a feature that was just a data breach waiting to happen.
I remember when the housing market crashed and hearing all these rich folks talk about how it is poor people who are responsible for not knowing they couldnt afford their homes.
Yeah so why exactly do we have a credit rating system if it isn’t rating credit?
You are completely correct. It is not on regular people to be experts on cyber security and somehow know that the company is doing their job and will do their job forever.
Cmon, we know their target market was dumbasses. How many dumbasses do you know that use mfa, or that actually look at a login notification before hitting “yes, it’s me”?
Refreshing to have some sort of consequences for being negligent with people’s data
Too bad the consequences are not prison.
Hear hear
No, they’ve been heading south for years. I would have loved for it to be a drop in response to the data breach, but this was just a company that was run incompetently.
Which data were they negligent with? I thought it was breaches on other sites that gave reused passwords.
Credential stuffing is a well understood part of the threat landscape that 23 and me negligently failed to account for, allowing hackers to access 7 million people’s info after hacking only 14 thousand users.
deleted by creator
No, they opted to share varying degrees of information with authorized users and close genetic matches, and 23andMe failed to protect them from a large scale takeover of accounts that made public the kind of information the company had promised to keep private to semi-private.
14,000 accounts compromise by the same entity. That’s absolutely the fault of the platform, not the users.
deleted by creator
It’s not the responsibility of your grandma who’s researching family history to be aware of potential data security threats. It’s the responsibility of the multimillion dollar online company with massive, valuable data troves to not offer a feature that was just a data breach waiting to happen.
I remember when the housing market crashed and hearing all these rich folks talk about how it is poor people who are responsible for not knowing they couldnt afford their homes.
Yeah so why exactly do we have a credit rating system if it isn’t rating credit?
You are completely correct. It is not on regular people to be experts on cyber security and somehow know that the company is doing their job and will do their job forever.
There are still all kinds of things a company can do to mitigate at least some of this. New browser, new location, forced two-factor auth, etc.
Cmon, we know their target market was dumbasses. How many dumbasses do you know that use mfa, or that actually look at a login notification before hitting “yes, it’s me”?