In an increasingly connected and digitized world, 5G is emerging as a driving force for innovation across industries such as medical technology (MedTech). As we are now in the early stages of the development and deployment of 5G technology, companies and legal teams in this space should be acquainting themselves with the specifics of 5g licensing, as it raises concerns about intellectual property litigation.
Data breaches and cyber security hacks have been on the rise in the US, with reported cybercrimes up 300% since the start of the COVID-19 pandemic in 2020. Experts estimate ransomware damage costs will rise to $20 billion in 2021. The influx of businesses falling victim to data security breaches and IT attacks is resulting in increased litigation.
With an eye towards the future, let us explore some of the areas in which we are seeing commercial product development activity using metamaterials. These product areas are currently seeing an uptick in the filing and buying of patents, which tends to serve as a good precursor to litigation.