In the nefarious world of online crime, nothing is sacred. There was a time when a compromised email system was the most significant cybersecurity threat facing a business, but we’ve entered an era in which hacking can adversely affect human health. Imagine an outside party inserting false information into a CT scan and refusing to reverse the changes until the health care provider pays a ransom. This nightmarish scenario is one of many that Lou Steinberg, founder and managing partner of CTM Insights, is working hard to prevent. In Episode 22 of Philip Crowley’s “From Lab to Patient, Garage to Market” podcast, Steinberg discusses his efforts to improve cybersecurity in the life sciences and technology spaces (including evolutions in deepfake detection), provides stunning examples of current hacking techniques and offers cybersecurity tips for small businesses. In one of the discussion’s most surprising moments, Steinberg details how cyber criminals use artificial intelligence (“AI”) to threaten medical providers like never before. “One of the first projects we worked on at CTM was related to AI. I read an article about some security researchers in Israel who hacked a CT scanner. They were able to use AI to insert or hide fake cancer. A radiologist could read a scan and think you had cancer you didn’t actually have — or not see cancer you did have.” Steinberg observes that this level of high-tech tampering could lead to a new breed of ransomware in which cyber attackers demand payment to reverse their revisions to the hacked scan. Additionally, he relays a story about a case in Hong Kong where an employee coordinated a wire transfer during a Zoom call with “executives” from his company. Unfortunately, the employee was the only human on the call. Crowley Law LLC strongly urges our readers and clients to listen to this critical podcast for insights into how to better protect themselves against these and other cybersecurity threats. Hosted by Crowley Law LLC Founder and Managing Partner Philip Crowley, the “From Lab to Patient, Garage to Market” podcast explores the critical issues and concerns impacting the biotech, life sciences and startup markets by offering fresh perspectives from industry leaders and experts. It is available on YouTube, LinkedIn, Facebook, Apple Podcasts, Spotify, all major podcast channels and at CrowleyLawLLC.com . From Lab to Patient, Garage to Market Deepfake Dilemmas and Cybersecurity Insights
As we’ve known for thousands of years, people are programmed to learn from stories. I used that methodology to help readers understand the implications of their decisions. The book identifies 10 primary issues or failures that you’ve seen startups experience, but what is the ultimate problem area that’s most often overlooked? I don’t want to give away the store and give you what I have found to be the top reason for the failure of technology startups. Still, I’ll provide you with number two — the failure to involve a trusted, experienced legal advisor early enough in the process, because some may fear overwhelming costs. Getting an experienced business lawyer involved in discussions early doesn’t have to cost a lot and it helps innovators identify when they need legal help and what mistakes to avoid. One critical point you make in the book is that a patent isn’t an all-access pass to do whatever you want with whatever innovation has received that patent. What are some gray areas concerning patents that clients struggle with? People assume that when they have a patent, it’s a get-out-of- jail-free card and that they’re free to commercialize what they’ve developed without regard to what may be some controlling technologies that underlie the particular patented innovation. In the book, I give an example of a person with a patent on a bicycle wheel and a person with a patent on improved bicycle spokes. In that analogy, the holder of the patent on the bicycle wheel has the basic patent — the controlling patent on bicycle wheels. The person with the improved bicycle spokes patent has an improvement patent , but they can’t sell, market or manufacture bicycle wheels with those spokes without getting a patent license from the holder of the basic controlling patent. ... continued from Cover
What can your target readership do before reading the book to help ensure they utilize its advice and perspectives?
They should consider the trajectory they envision for developing their invention, business, and technology. Where do they want to take it? What do they see as their success? If they had a magic wand to control the situation and everything worked out the way they hoped, what would this business look like in three or five years? What are their hopes, desires and goals? All these things should be thought about critically before reading the book.
Note: The foregoing may constitute attorney advertising under applicable bar rules.
–Philip Crowley
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