Intel is at the center of the problem because it supplies the processors used in numerous world's PCs. This, however, requires access to protected kernel memory, which hackers can exploit through malicious programs.
Apple has said that all Macs, iPhones and iPads are affected by Meltdown, but Macs running the latest version of macOS, numbered 10.13.2, are safe. The Spectre flaw, the more serious of the two, affects Intel, AMD and ARM processors. Apple has admitted this for its iOS devices like the iPhone and iPad.
"Because chip replacements are not going to happen tomorrow, realistically, software is being updated", Sitaram Chamarty, a security researcher at Tata Consultancy Services, told CNNMoney. The company says it hasn't found any reports of the vulnerabilities affecting customers as of now.
Device makers and operating system providers have had time to try to fix this. The company said that 90 per cent of computers released in the last 5 years will have fixes available by the end of next week. Researchers say one of the bugs, called Meltdown, affects almost every processor Intel has made since the mid-1990s. While software vendors like Microsoft, Apple have patched their operating system for PCs including open-source Linux operating system, the question remained about the security of gaming consoles.
An unfortunate downside of the software updates is that they might slow your computers and smartphones.More news: White House memo: Kelly bans personal phones, smart watches from West Wing
In addition to PCs, servers, and phones, a wide variety of smart devices will also need patches, noted MachNation analyst Samuel Hale.
There's no evidence that bad actors have yet exploited the bugs, but companies from Microsoft to Mozilla said this week they have worked to patch up vulnerabilities to their operating systems and browsers to protect against one of the bugs. Within, Intel states that its next batch of security updates to its processors will grant them immunity to the exploits.
Intel did not immediately respond to a request for comment on Thursday about the lawsuit.
Most interesting (and potentially troubling) about the transactions is the fact that it left Krzanich with exactly 250,000 shares-the bare minimum that he is required to hold as CEO of the company, according to the company bylaws.
Microsoft Azure is due to undergo a maintenance reboot on 10 January while Amazon Web Services has also advised customers via email to expect a major security update this Friday. Chromebook users on older versions will need to install an update when it comes.