Federal Trade Commission (FTC) Chairman Andrew N. Ferguson has issued a formal letter addressing the potential implications of the ongoing 23andMe bankruptcy proceedings on consumer data privacy. Highlighting consumer apprehensions regarding the possible sale or transfer of their personal data stored by 23andMe, Chairman Ferguson stated, “Many Americans are concerned about the impact of a potential sale of their personal data, and I understand those concerns.”
He emphasized the importance of trust, underlining that “Consumers should be able to trust that companies will keep their promises, including when it comes to handling sensitive information.”
Details and the full text of Chairman Ferguson’s letter are available to the public.
The FTC's mission includes promoting competition, as well as protecting and educating consumers. The agency assures that it does not engage in practices such as demanding money, making threats, instructing money transfers, or offering prizes. Concerned individuals can learn more about consumer-related topics and report any fraudulent activities or dubious business practices through the FTC's online platforms. Additionally, the FTC provides consumer alerts and business advice through their website and social media channels.
