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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 [email protected]; @sabelaojeaguix
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