Urging every user to apply available security patches immediately, Mr Stree Naidu, the Asia-Pacific vice-president of cyber security services firm Cato Networks, said: "Not patching the vulnerability not only puts the data in the chip memory at risk, but also provides an entry point to critical servers and the entire corporate network".
For now, however, Intel is the one in the legal hot seat.
This bug has the potential to let malicious programmes read protected memory, with two attack vectors - Meltdown and Spectre - being discovered. In that instance, some 143 million people found that their names, social security numbers, addresses and drivers license had been exposed to hackers.
Multiple outlets, however, have reported that Intel and other chip makers were notified of the security vulnerabilities in June. This includes Docker, LXC, and OpenVZ as well.
"Both Spectre and Meltdown are ways of exploiting this behaviour".
The timing appears a bad look for Intel chief executive Brian Krzanich, who sold most of his shares and options in Intel in December, in a scheme of scale that was reportedly arranged in October. Based on the analysis to date, many types of computing devices - with many different vendors' processors and operating systems - are susceptible to these exploits, " Intel said in a press release. Sony, the other major console manufacturer, whose Playstation also uses custom AMD processor, has not responded or confirmed about the effect of Meltdown on its game consoles. It represents the sale of all but 250,000 shares, which is the minimum amount that Intel requires Krzanich to hold.
How do you fix it?
Mobile users who thought they were unaffected by the Meltdown flaw affecting Intel chips are suddenly not quite so secure.
Additionally, Intel said that "many operating system vendors, public cloud service providers, device manufacturers and others have indicated that they have already updated their products and services". The company also advises its users to ensure that users are careful to follow good practice to stay as safe as possible. Most devices, especially older models and budget smartphones are not on the latest security update. It's what enables you to visit Facebook, watch a movie on Netflix, or stream a Spotify song on your phone. The chance for slowing down the computer is of 5-30% after the update is applied to fix the flaw.
Dr Yarom agreed that software fixes for Meltdown could cost devices in performance speed. It said that the impacts are "workload dependent" and "average users" should only see limited or negligible impacts on performance.
Dr Glance described the situation as serious but not "hopeless". It's harder to write and execute a Spectre attack, says Google.
"One is in cost and in performance". And the performance generally isn't a problem, he said: "For the real-world applications.it's minimal impact". Krzanich sold all of those shares for a little over $39 million, apparently netting about $25 million. "I think it's fair to expect these techniques to definitely improve", he said.
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