23andMe, once a pioneer in biotech innovation, has faced a significant data breach that highlights the importance of robust third-party risk management. This breach underscores the vulnerabilities that even the most successful companies can face.

23andMe:

23andMe gained massive popularity with its unique offering of ancestry and health data. From celebrities to individuals curious about their genetics, millions flocked to use their services. However, despite their rise, they faced severe financial difficulties and strategic challenges, culminating in a massive data breach.

The Breach:

In 2021, 23andMe suffered a devastating breach, exposing data from 6.9 million users. The leaked data included sensitive personal information, causing a legal storm with numerous class-action lawsuits. For a company handling genetic data, this breach was catastrophic, severely damaging their reputation.

Why This Matters to You and Your Business:

This incident highlights the critical need for third-party risk management (TPRM). Businesses constantly exchange data with external partners, and each interaction could pose a security risk. A comprehensive tool like Genesis is essential to mitigate these risks.

Introducing Genesis:

Genesis is an AI-powered cybersecurity platform designed to address modern cybersecurity challenges. Combining attack surface management with third-party risk management, Genesis offers unparalleled protection. Key features include:

• Risk Identification: Identifying potential vulnerabilities in third-party networks.

• Compliance and Regulation: Ensuring third-party vendors comply with industry standards.

• Business Continuity: Maintaining operational integrity by managing third-party risks.

Why Genesis Matters Now More Than Ever:

The 23andMe breach is a stark reminder of how cybersecurity failures can turn success stories into cautionary tales. Genesis helps businesses stay ahead of these threats, focusing on proactive prevention rather than reactive problem-solving.