Hackers Now Have the Data That Makes You Human

Remember 23andMe (ME)? The genetic-testing company burst into the mainstream within the past decade [Chaikin PowerFeed]( Hackers Now Have the Data That Makes You Human By Vic Lederman, editorial director, Chaikin Analytics Remember 23andMe (ME)? The genetic-testing company burst into the mainstream within the past decade. It convinced millions of people to swab their cheeks for fun and science. At one point, it felt like 23andMe would eventually hold the DNA of almost every American. The company went public in 2021. Its shares closed as high as $13.25 that November. But since then, things haven't gone well for 23andMe... It turns out that most folks didn't want to just give away their most personal information. So business stalled. And 23andMe realized that it would take a lot more marketing to grow. The stock currently trades at around $0.85 per share. That's a roughly 94% decline. In other words, investors who bought and held their shares essentially got wiped out. You might think that it couldn't get worse than that for 23andMe. But it just did. In short, 23andMe recently lost some of the data that defines us as humans... Recommended Links: [WARNING: Next week's Fed meeting]( Investors are looking to next week's final Fed meeting of the year with high hopes for interest rate relief. But two Wall Street legends just stepped forward with a dire warning: The Fed's next move could make or break your wealth in the coming weeks. [Here's the #1 step they recommend you take with your money before the meeting to prepare](. [Regime Change at Federal Reserve?]( The Fed just began the rollout of a new technology that'll "shake the U.S. financial system." It'll likely go down in history as the biggest change to money since Western Union launched its "lightning lines" in the early days of the telegraph. [Here's everything you need to know (including three steps to take to profit)](. That's right... Hackers have breached 23andMe. Now, to be clear, it doesn't look like the hackers directly accessed any genetic information. But they did get their hands on a lot of details. The hacked items include family trees, family names, birth years, location data, and almost every type of ancestry-related data. Put simply, it's the worst-case scenario for 23andMe. And it's a dark day for consumer data. I want to focus specifically on one part of this story today. That's because understanding this detail could help you save hundreds of thousands of dollars in the long run. You see, the 23andMe breach started with a specific exploit. It's called "credential stuffing." Credential stuffing is the practice of taking breached data from one website and trying it on another. Sometimes, the hackers find a match. And they can instantly access the account. Folks, here's the important point... The mainstream media is misleading you when it comes to modern-day hackers. These days, "hacking" has almost nothing to do with a kid in a dark room "cracking" a password. Almost all data breaches now come from mundane operations – like checking to see if a person has reused a password across multiple websites. Hackers also try "phishing" unsuspecting folks. They try to trick you into clicking a link that takes you to a website that looks like a real website – and then they steal your information. Now, if you're reading this essay, you've likely been on the Internet for quite some time. And statistically speaking, you're likely reusing your passwords in one way or another... Only 35% of Americans report using a unique password for every website. And 13% admit that they use the same password for every website. That's an alarming statistic. But anything greater than zero makes the hackers' jobs easier. So folks, this is your reminder... If you have any doubt about the passwords that protect your sensitive data, change them. Better yet, turn on "two-factor authentication." Then, you'll get a text message or an e-mail with a unique code each time you log in. And if someone else is trying, they won't succeed. Without these basic steps, you could be risking your financial security. Or like what just happened to 23andMe users, you could be risking the very data that makes us human. Good investing, Vic Lederman Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 +0.170% 9 18 3 S&P 500 +0.740% 145 283 69 Nasdaq +1.400% 39 50 10 Small Caps +0.760% 629 958 336 Bonds -0.600% Communication Services +2.100% 5 12 2 — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks are Bullish. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Discretionary +2.14% Real Estate +2.01% Industrials +1.47% Utilities +1.23% Communication +0.54% Health Care +0.41% Financial +0.08% Information Technology -0.06% Staples -0.08% Materials -0.95% Energy -3.83% * * * * Industry Focus Bank Services 55 34 1 Over the past 6 months, the Bank subsector (KBE) has outperformed the S&P 500 by +6.18%. Its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #6 of 21 subsectors. Top Stocks [rating] FHN First Horizon Corpor [rating] EWBC East West Bancorp, I [rating] COOP Mr. Cooper Group Inc * * * * Top Movers Gainers [rating] AMD +9.89% [rating] KVUE +7.32% [rating] WBA +7.16% [rating] ALB +5.96% [rating] GOOGL +5.32% Losers [rating] ORLY -3.20% [rating] HES -2.97% [rating] AZO -2.88% [rating] NDAQ -2.68% [rating] GNRC -2.05% * * * * Earnings Report Reporting Today Rating Before Open After Close COST ORCL No earnings reporting today. Earnings Surprises [rating] LULU Lululemon Athletica Inc. Q3 $2.53 Beat by $0.25 [rating] DG Dollar General Corporation Q3 $1.26 Beat by $0.07 [rating] AVGO Broadcom Inc. Q4 $11.06 Beat by $0.10 [rating] COO The Cooper Companies, Inc. Q4 $3.47 Missed by $-0.01 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. 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