Intel CEO sold $24M in stock after firm knew about cyber vulnerabilities

Intel processor

In the statement, the Intel representative said Krzanich's sale had nothing to do with the newly disclosed chip vulnerability and was done as part of a standard stock-sale plan.

The Google Project Zero researcher, Jann Horn, demonstrated that malicious actors could take advantage of speculative execution to read system memory that should have been inaccessible.

Reports began circulating Wednesday about a mysterious hardware issue that could cause sensitive data, including user passwords, to become accessible to hackers. The patches, however, will have some performance effects, noting that they will be at frustrating levels pegged at zero to 30 percent level. "This way you're not only protected against this attack but future" attacks, Cole told Moneyish. However, if the SEC decides to open an insider trading investigation against him, then whether or not he profited or lost from the shares sold would be irrelevant. Meltdown and Spectre break the isolation between memory used by applications, and even applications and kernel-mode memory, posing a significant security risk if exploited. "Intel believes these exploits do not have the potential to corrupt, modify or delete data".

Intel has bore the brunt of the initial fallout because at first it was reported that only its chips were affected. It's harder to write and execute a Spectre attack, says Google.

Named 'Meltdown' and 'Spectre', the scope of these flaws aren't limited to one or two manufacturers, types of devices or operating systems either.

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.

It has urged computer users worldwide to utilize the automatic update functions of their operating systems and other computer software to ensure their systems are up-to-date.

Due to this, desktop, laptop, and cloud computer owners should be worried.

Intel addressed a number of issues in today's statement, and it continues to claim that the impact from the two major vulnerabilities-called "Spectre" and "Meltdown"-has been exaggerated and will be fully mitigated over time". To fix the bug, Microsoft and other OS vendors need to redesign their kernels, this requires an OS-level overwrite of the kernel.

Thus far, Intel has insisted that Krzanich's sale of company stock was unrelated to any revelations regarding the security flaws.

Critical hardware flaws revealed this week are putting billions of computers and smartphones at security risk, and Singapore's cyber security authority has urged all users to apply available security software fixes immediately. "Intel encourages computer users worldwide to utilise the automatic update functions of their operating systems and other computer software to ensure their systems are up-to-date".

"This leaves the company [Intel] in an uncomfortable situation", said Chris Foxx, the BBC's technology reporter.

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