The breakthrough financial success of the new Wonder Woman film contains an important lesson. For years, women super-heroes were outside the scope of movie producers’ considerations. Why? A 2004 film, Catwoman, also starring a female superhero, had failed to achieve its commercial aims. An assumption – female superheroes do not fill seats – became a belief that shaped future investment decisions.
The large scale WannaCry (WannaCrypt) ransomware attack that has crippled over 100,000 computer systems, primarily in health care, is a reminder of just how vulnerable the world’s computing infrastructure really is. But what’s most amazing about the attack is not its scale or the speed with which it spread, but how easily it could have been avoided.
First the good news. If you get a signed term sheet with a reputable angel or venture investor, there is a very good chance you will get a deal done. Unless, of course, you don’t.
Probably the most common element of every term sheet is the provision that states unequivocally that by signing the term sheet neither party is obligating itself to enter into an investment transaction, whether on the terms reflected in the term sheet or otherwise. Still, if the parties do reach agreement on a term sheet, there usually is a deal made, and usually on terms mostly consistent with the term sheet. That said, herewith a look at the most common reasons a “done term sheet” does not lead to a “done deal.”
A mathematical savant, virtual reality experts, renowned nature nature film-maker, well known author, “remote viewer” and assorted new-age folks were part of Promega’s BioPharmaceutical Technology Center’s annual forum on consciousness, Awakening Through Our Senses, that took place May 18-19. It was a mixed bag of amazing science and technology, unmatched beauty, the preposterous, odd and forgettable. There was something for everyone across the intellectual spectrum.
This isn’t my usual biotech beat, but compromising my computer can certainly affect the beat and I don’t like that. Over the last week, a nasty ransom-ware program infiltrated hundreds of thousands computer in 150 countries. It affected 20% of hospitals in the UK and much more.
I don’t understand these misfits who do this; their effects can range from severe inconvenience to mass casualties. I know of a few professors who had their life’s academic work lost due to ransomware. And what about the patients in the UK hospitals whose telemetry suddenly stopped working while they were in intensive care?
The global ransomware attack called “WannaCry,” which began last week and continues today, could have been avoided, or at least made much less serious, if people (and companies) kept their computer software up to date. The attack’s spread demonstrates how hundreds of thousands of computers in more than 150 countries are running outdated software that leaves them vulnerable. The victims include Britain’s National Health Service, logistics giant FedEx, Spanish telecom powerhouse Telefonica and even the Russian Interior Ministry.
Mark Kearns, 38, a web designer and gamer from Chicago, stumbled upon a new video game called Star Citizen while online in late 2013. The game, which was in development, promised to revive the spaceflight simulation genre with a sprawling universe for players to explore.
While most IT security professionals are well aware of the nature of cyber threats, many lack the predictive insights to pre-emptively do anything about new threats. Addressing that issue usually means turning to vendors who have proven expertise in the infosec domain.
Have you ever seen your nieces or nephews or a high school friend after a ten year hiatus? You are amazed at how much they have changed. You wonder when did they grow up? It seemingly happened overnight and that is slightly disconcerting.
Time and absence can play that trick on science too. In April 2008, I reported in these “pages” on the Stem cell frontier on display at Promega. In that conference, UW Scientist, Jamie Thomson, gave an update on his recent discovery on how to turn fully differentiated, mature cells into new stem cells that could, via biological magic, turn into any different mature tissue cell type.
Cybercriminals use sophisticated technology to rake in millions of dollars in scammed and stolen money across the globe, and cost their victims millions more to clean up the messes they leave behind. When police try to break up these online rings, they find a whole set of obstacles that are different from crimefighting in the physical world. Cybersecurity researchers Frank Cilluffo and Alec Nadeau, along with Europol Director Rob Wainwright, reviewed the multinational effort to take down a massive cybercrime network. What they learned is both surprising and immediately useful.