Intel is aware of the vulnerability and issued a statement stating that they are "working closely with many other technology companies, including AMD, ARM Holdings and several operating system vendors, to develop an industry-wide approach to resolve this issue promptly and constructively".
Spectre is the main threat because it is present in billions of devices. Apple has admitted this for its iOS devices like the iPhone and iPad. Rather, because key members of Google's Project Zero and data company Rambus told The New York Times that, at least in Spectre's case, this flaw is at such a level that it can not be fixed by any old security patch.
There are two separate security flaws, known as Meltdown and Spectre.
The company says that it has already released "updates for the majority of processor products introduced within the past five years" in the form of firmware updates and software patches.
The Register also said that similar operating systems, such as Apple's 64-bit macOS operating system, would need to be updated. "By the end of next week, Intel expects to have issued updates for more than 90 percent of processor products introduced within the past five years", the chipmaker said.
Spectre is less risky than Meltdown, but will be more hard to patch. When exploited, the bug can permit hackers with access to users' sensitive information.
Apple said Thursday that it had already issued fixes for Meltdown for its various operating systems, and added that it plans to release similar fixes in its Safari browser "to help defend against Spectre" in the coming days.
An unfortunate downside of the software updates is that they might slow your computers and smartphones. Most tech companies have said that they have not found any proof of the flaws being used to attack devices.
Both exploits are the result of design flaws that allow a malicious program to use what are known as side channels to access system memory (which contains that data being processed) and record it.
Krzanich sold off all but 250,000 of his Intel shares-the minimum number he's required to hold per his employee agreement-in November, according to US Securities and Exchange Commission filings uncovered by Business Insider. "More technically, every Intel processor which implements out-of-order execution is potentially affected, which is effectively every processor since 1995 (except Intel Itanium and Intel Atom before 2013)".
Windows 10 users have already received the update KB4056892 earlier this month, while Windows 7 and Windows 8 users will be getting the update next Tuesday. Chrome web browser users are expected to receive a patch January 23.