23andMe, the popular DNA testing company, has filed for bankruptcy amid growing concerns about the security and privacy of customer data. Founder and CEO Anne Wojcicki announced the filing, citing financial difficulties and mounting legal challenges.

The company, known for its at-home genetic testing kits, has faced criticism in recent years over its handling of sensitive genetic information. In a statement, Wojcicki acknowledged the challenges the company has faced and vowed to work towards a solution that protects customer data.

"We understand the importance of safeguarding the privacy and security of our customers' genetic information," Wojcicki said. "We are committed to working with regulators and other stakeholders to ensure that customer data is protected and used responsibly."

The filing comes after reports of a potential data breach at the company, which raised concerns among customers about the safety of their genetic information. Despite the bankruptcy filing, 23andMe has assured customers that their data will remain secure and that they will continue to have access to their genetic information.

As the company navigates through this financial crisis, customers can expect updates on the future of 23andMe and the security of their genetic data.