Chances are you own a smartphone or computer that contains a chip hackers could potentially exploit to get access to sensitive information.  That’s because billions of devices are affected by two major security flaws revealed by cybersecurity researchers recently.

The flaws — dubbed Meltdown and Spectre — affect processing chips made by Intel (INTC), AMD(AMD) and ARM Holdings. That means if you use a desktop, laptop, smartphone or cloud service from Apple (AAPL), Google (GOOGL), Amazon (AMZN) or Microsoft (MSFT) you might be vulnerable.

Source: CNN Technology

Date: January 4th, 2018

Link (includes short video) : http://money.cnn.com/2018/01/04/technology/spectre-meltdown-cpu-flaws-explainer/index.html

Discussion

1) “Vulnerable systems will likely remain in operation for decades.”   Imagine you are the CIO of a fairly large organization.  What are your next steps?

2) Why will most of you NOT update your software because of this, and how might that behavior be changed?