Design flaws in chips from chipmakers such as Intel, AMD, and ARM have put millions of devices at risk of being attacked by hackers. Mayank Choudhary, VP of Product at OberserveIT, was with us to explain how it happened and what consumers can do to protect themselves.
The security holes could make sensitive data, such as passwords, vulnerable and have put chipmakers in the hot seat. Choudhary said it is an IT tsunami that he did not see coming. He said consumers need to quickly update their systems with the patches released by Apple and Microsoft.
Choudhary emphasizes that transparency is key when it comes to timing of when these breaches are disclosed. With the recent string of attacks, he said he sees more pro-activeness from the suppliers and manufacturers.
Stocks rose at the opening bell as the market awaits updates on inflation data while earnings kick off this week for the second quarter. The Federal Reserve is also slated to meet later this month as investors anxiously await its decision on rates.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The railroad industry has sued to block a new minimum crew-size requirement that Ohio imposed after a fiery train derailment in East Palestine in February.
The company that owned a submersible that imploded on its way to explore the wreck of the Titanic, killing all five onboard, said Thursday it has suspended operations.
