Google discovered the chip problem 'months ago' (GOOG, INTC) — Intel CEO

Google discovered the chip problem 'months ago' (GOOG, INTC) — Intel CEO”

To avoid charges of trading on insider knowledge, the executives put in place such plans that automatically sell a portion of their shares or exercise some of their options on a predetermined schedule.According to an SEC filing, the holdings that Krzanich sold in November - 245,743 shares of stock he owned outright and 644,135 shares he got from exercising his options - were a part of a trading plan.

Security tools and protocols are intended to separate individual customers' data, but the recently discovered chip flaws would allow hackers to circumvent these protections.

Google researchers discovered the bugs 'Meltdown' and 'Spectre' as essential functions of Intel's hardware. However, Intel also mentioned that the performance penalty on some workloads will be reduced over time.

On a conference call with analysts, Intel executives said they do not expect the security issue to have a financial or business impact on the company. So far Intel is not aware of exploits based on the two vulnerabilities. Side channel analysis exploit gives cyber attackers the ability to observe the content of privileged memory, which exploits a speculative execution to go around different privilege levels, Intel explained.

While the revealations claimed that the security bug is affecting the devices with processors from AMD as well. However, to the contrary, AMD has made it clear that its processors are not affected.

Meltdown is a particular problem for the cloud computing services run by the likes of Amazon, Google, and Microsoft. The flaw leaves your personal devices vulnerable to attack. The Intel CEO's sale occurred as developers were racing to fix enormous vulnerabilities in their computer processors.

Microsoft, Apple and Google have addressed the critical security bug with the December or January Update.

According to a new report fromMacRumors, Apple's fix came out at the beginning of December with the release of macOS 10.13.2. Conversely, while there are software patches that effectively block Meltdown attacks, currently it's far harder to mitigate against Spectre. For Firefox, mitigations for Meltdown and Spectre are available with Firefox 57.0.4 update and these will be available with Chrome 64. This includes laptops, desktops, smartphones, and cloud servers.

The earlier reports claimed that the impact on the performance of devices will range from 5% to 30%, though the truth is that the regular people won't be affected as much as it appears. They also seek compensation for the performance slowdown expected of upcoming patches.

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