Intel CEO sold off $39 million worth of shares after learning of critical bugs

Intel CEO sold off $39 million worth of shares after learning of critical bugs

Intel CEO sold off $39 million worth of shares after learning of critical bugs

The tech world is currently in a dilemma: The Meltdown and Spectre bugs have put virtually all CPUs from Intel, AMD and ARM, the biggest suppliers of CPU, at colossal risk of data breaches. While AMD says that their CPUs are at a near-zero risk due to the way their CPUs handle memory encryption, Intel's risk levels are significantly more worrying: Any hacker with access to the Meltdown or Spectre code could potentially read into the CPU's memory remotely and steal all sorts of sensitive information - passwords, credit card numbers, you name it.

Amidst all this, another concerning development has come to light: Brian Krzanich, the CEO of Intel, has sold $24 million worth of his shares in the company, which Ars Technica reports to be the limit allowed by corporate bylaws. While this alone is not worth noting, the timing of the sale indicates a more self-serving angle, as Intel's security experts had informed him of the critical hardware-level vulnerabilities just months before the sale.

In August last year, the Department of Justice had initiated criminal proceedings against three executives of Equifax when it was reported that they had sold their stocks just weeks before the company went public with news of a breach that put millions of users at risk.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)