Intel responds to claims of chips having security flaw

Performance impact of the recent security updates should not be significant and will be mitigated

Performance impact of the recent security updates should not be significant and will be mitigated

The sudden sale was considered quite odd as it left Krzanich with only 250,000 shares of Intel stock, the minimum amount that Intel requires Krzanich to hold as part of his employment agreement. "Based on the analysis to date, many types of computing devices - with many different vendors' processors and operating systems - are susceptible to these exploits", the company said.

Intel shares fell nearly 2 per cent on Thursday as investors were worried about the potential financial liability and reputational damage from the recently disclosed security issues.

Intel's CEO Brian Krzanich sold off $24 million worth of company stock after Google had informed Intel of a significant security vulnerability in its Flagship PC processors.

Patches either already have been released or are being rushed out by Intel as well as OS and cloud providers including Microsoft, Google, Amazon and Apple.

According to VentureBeat, Intel has issued a "timetable for updates to render recent computers "immune" to the exploits". Fixes will involves software and firmware updates on both the hardware and the software sides.

According to the publication, only the developers of the operating systems can correct this defect. "Intel has already issued updates for the majority of processor products introduced within the past five years", says an Intel spokesperson. Additional changes are anticipated to be coming to 10.13.3, which is currently in beta testing. The flaw could allow hackers to see inside a kernel's memory to access sensitive information of the user or exploit more malware. Some say performance speeds of Intel computers with older processors could slow down by as much as 30 per cent, though newer Skylake processors might not have face a severe impact.

"Contrary to some reports, any performance impacts are workload-dependent, and, for the average computer user, should not be significant and will be mitigated over time".

Furthermore, the three lawsuits cite not just the security vulnerability itself, but also Intel's failure to disclose these vulnerabilities.

Intel also said it doesn't expect a major performance hit to its processors when it launches the fix, which was a concern of Google's.

Security vulnerabilities such as Meltdown and Spectre have affected Intel chips. tech giants have taken necessary measures to mitigate effects of the vulnerabilities.

Desktop, Laptop, and Cloud computers may be affected by Meltdown.

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