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Intel is facing 32 lawsuits over Spectre and Meltdown security flaws

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CIOL Writers
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Intel has revealed that it is facing around 32 class-action lawsuits over the Spectre and Meltdown security attacks on its processors. The development was revealed in an annual SEC filing by Intel.

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As per the SEC filing, Most of the lawsuits - 30 - are customer class action cases that claim that users were harmed by Intel’s “actions and/or omissions” related to the flaws, which could allow hackers to steal data from computers.

The other two cases are securities lawsuits that claim that Intel made misleading public statements during the six-month period after the company was notified of the problems but before the attacks were made public.

The companies have issued fixes but the patches slowed down the computers leading sector analysts to say producers could potentially face suits from clients and consumers claiming damages because their devices did not work as they should.

Additionally, Intel is also facing action from three shareholders who have each filed shareholder derivative actions that allege certain board members and officers at Intel have failed “to take action in relation to alleged insider trading.”

Intel said in the SEC filing that it was not able to estimate the potential losses that may arise due to the lawsuits.

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