When the Meltdown and Spectre flaws were revealed to the world, the IT world scrambled to deal with the issue, with users everywhere going for computer repairs in Perth and everywhere else to see what could be done. Tech companies across took hits thanks to that reveal. And they’re still taking hits, if Intel’s current predicament is anything to go by.
On February 16, 2018, Intel revealed that they are under fire, with at least 32 lawsuits regarding the Meltdown and Spectre security issues. Revealed via an SEC filing, the class action lawsuits are, reportedly, looking for compensation, whilst the securities lawsuits are stating that Intel violated international security laws, saying the company made statements about their products and controls that are made invalid and false thanks to the revelation of the Meltdown and Spectre flaws.
On top of all that, Intel is also under fire from shareholders, with three of them each filing their own shareholder derivative legal actions, accusing some of the members of Intel failed to respond to the alleged insider trading that led to the spread of the Meltdown and Spectre issues. These legal actions are reportedly related to the fact that CEO Brian Krzanich sold his stocks a while back.
While these lawsuits aren’t entirely surprising due to the ramifications of the Meltdown-Spectre reveal, with people heading to computer repairs in Perth and everywhere else, to see how the issue could damage their computers, Intel has stated that they’re expecting more. The Meltdown and Spectre flaws revealed all the issues with microchips and designs stretching 2 decades, and there have been patches to protect against the issue, but those patches have been noted as causing major performance issues.
Intel’s patches, in particular, were noted for huge performance issues. The company also has had issue with additional patches for the Meltdown-Spectre issue, following the initial security response. The performance hit to Intel devices was so big, Microsoft was forced to step in, issuing an emergency update to all Windows devices that disabled Intel’s Spectre fixes outright. Intel is working on firmware for Skylake processors, whilst it works on the other processor types.